Anhui Jianghuai Automobile Group Co.,Ltd. Posted 1.7 Billion Yuan Net Loss in 2022

Anhui Jianghuai Automobile Group Co.,Ltd. (安徽江淮汽车集团股份有限公司) (600418.SH) reported a net loss of 1.7 billion yuan in 2022, reversing a net profit of 13 million yuan for the previous year.

Meanwhile, the company posted 36.5 billion yuan in revenue, down 9.3% year-on-year.

At the end of the reporting period, it had 47.1 billion yuan in total assets and 33 billion yuan in total liabilities, with a liability-to-asset ratio of 70.1%.