Hongbaoli Group Corporation,Ltd. Posted 30.7 Million Yuan Net Loss in First Quarter of 2022

Hongbaoli Group Corporation,Ltd. (红宝丽集团股份有限公司) (002165.SZ) reported a net loss of 30.7 million yuan in the first quarter of 2022, reversing a net profit of 27.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 713.7 million yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 65.1%.