Fujian Green Pine Co.,Ltd. Posted 61 Million Yuan Net Loss in First Quarter of 2022

Fujian Green Pine Co.,Ltd. (福建青松股份有限公司) (300132.SZ) reported a net loss of 61 million yuan in the first quarter of 2022, reversing a net profit of 91 million yuan for the same period in the previous year.

Meanwhile, the company posted 687.2 million yuan in revenue, down 19.7% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 54.1%.