Dazhong Transportion(Group) Co.,Ltd. Posted 336.2 Million Yuan Net Loss in First Three Quarters of 2022

Dazhong Transportion(Group) Co.,Ltd. (大众交通(集团)股份有限公司) (600611.SH) reported a net loss of 336.2 million yuan in the first three quarters of 2022, reversing a net profit of 293.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 13.7% year-on-year.

At the end of the reporting period, it had 19.8 billion yuan in total assets and 9.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49.4%.