Guangdong Saca Precision Manufacturing Co.,Ltd. Posted 26.4 Million Yuan Net Loss in First Quarter of 2022

Guangdong Saca Precision Manufacturing Co.,Ltd. (广东星徽精密制造股份有限公司) (300464.SZ) reported a net loss of 26.4 million yuan in the first quarter of 2022, reversing a net profit of 36.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 588.4 million yuan in revenue, down 55% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 82%.