Apr 21, 2022 08:00 AM

Jiangxi Hengda Hi-Tech Co.,Ltd. Posted 3 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Jiangxi Hengda Hi-Tech Co.,Ltd. (江西恒大高新技术股份有限公司) (002591.SZ) reported a net loss of 3 million yuan in the first quarter of 2022, reversing a net profit of 10.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 107.3 million yuan in revenue, down 23.3% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 298.4 million yuan in total liabilities, with a liability-to-asset ratio of 27.6%.

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