Ang Da Automobile Trade Co.,Ltd. Posted 119.1 Million Yuan Net Loss in First Quarter of 2023

Ang Da Automobile Trade Co.,Ltd. (庞大汽贸集团股份有限公司) (601258.SH) reported a net loss of 119.1 million yuan in the first quarter of 2023, widening 28.4% year-on-year.

Meanwhile, the company posted 5.6 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 22.3 billion yuan in total assets and 12 billion yuan in total liabilities, with a liability-to-asset ratio of 53.8%.