Ang Da Automobile Trade Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in 2022

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 1.4 billion yuan in 2022, reversing a net profit of 897.8 million yuan for the previous year.

Meanwhile, the company posted 26 billion yuan in revenue, down 9.1% year-on-year.

At the end of the reporting period, it had 22.2 billion yuan in total assets and 11.8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.