Ningbo Fubang Jingye Group Co.,Ltd. Posted 1.7 Million Yuan Net Loss in First Quarter of 2022

Ningbo Fubang Jingye Group Co.,Ltd. (宁波富邦精业集团股份有限公司) (600768.SH) reported a net loss of 1.7 million yuan in the first quarter of 2022, widening 813.9% year-on-year.

Meanwhile, the company posted 56 million yuan in revenue, down 36% year-on-year.

At the end of the reporting period, it had 298.7 million yuan in total assets and 77.8 million yuan in total liabilities, with a liability-to-asset ratio of 26%.