Yangzhou Asiastar Bus Co.,Ltd. Posted 33.8 Million Yuan Net Loss in First Quarter of 2023

Yangzhou Asiastar Bus Co.,Ltd. (扬州亚星客车股份有限公司) (600213.SH) reported a net loss of 33.8 million yuan in the first quarter of 2023, narrowing 22.5% year-on-year.

Meanwhile, the company posted 154 million yuan in revenue, down 45.9% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 92.2%.