Tangshan Jidong Equipment Engineering Co.,Ltd. Posted 628,926 Yuan Net Loss in First Quarter of 2022

Tangshan Jidong Equipment Engineering Co.,Ltd. (唐山冀东装备工程股份有限公司) (000856.SZ) reported a net loss of 628,926 yuan in the first quarter of 2022, narrowing 55% year-on-year.

Meanwhile, the company posted 706.5 million yuan in revenue, down 15.7% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 80.9%.