Jiangxi Ganneng Co.,Ltd. Posted 1.5 Million Yuan Net Loss in First Quarter of 2022

Jiangxi Ganneng Co.,Ltd. (江西赣能股份有限公司) (000899.SZ) reported a net loss of 1.5 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 742.4 million yuan in revenue, up 25.5% year-on-year.

At the end of the reporting period, it had 9.7 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.