Apr 27, 2022 08:00 AM

Ningbo United Group Co.,Ltd. Posted 7.4 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Ningbo United Group Co.,Ltd. (宁波联合集团股份有限公司) (600051.SH) reported a net loss of 7.4 million yuan in the first quarter of 2022, reversing a net profit of 18.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 385.9 million yuan in revenue, down 24.3% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42.3%.

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