Zhongtong Bus Co.,Ltd. Posted 20.7 Million Yuan Net Profit in First Quarter of 2023

Zhongtong Bus Co.,Ltd. (中通客车股份有限公司) (000957.SZ) reported a net profit of 20.7 million yuan in the first quarter of 2023, reversing a net loss of 35.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 693.9 million yuan in revenue, down 19.6% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 69.3%.