Dazhong Transportion(Group) Co.,Ltd. Posted 237 Million Yuan Net Loss in 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 237 million yuan in 2022, reversing a net profit of 377.8 million yuan for the previous year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 0.6% year-on-year.

At the end of the reporting period, it had 20 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.2%.