Ningxia Qinglong Pipes Industry Group Co.,Ltd. Posted 3 Million Yuan Net Loss in First Quarter of 2022

Ningxia Qinglong Pipes Industry Group Co.,Ltd. (宁夏青龙管业集团股份有限公司) (002457.SZ) reported a net loss of 3 million yuan in the first quarter of 2022, reversing a net profit of 6.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 298 million yuan in revenue, up 26.5% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 38.7%.