Yutong Bus Co.,Ltd. Posted 126.1 Million Yuan Net Profit in First Quarter of 2023

Yutong Bus Co.,Ltd. (宇通客车股份有限公司) (600066.SH) reported a net profit of 126.1 million yuan in the first quarter of 2023, reversing a net loss of 117.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.6 billion yuan in revenue, up 1.4% year-on-year.

At the end of the reporting period, it had 29.4 billion yuan in total assets and 14.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49.7%.