Guangdong Kinlong Hardware Products Co.,Ltd. Posted 89.7 Million Yuan Net Loss in First Quarter of 2022

Guangdong Kinlong Hardware Products Co.,Ltd. (广东坚朗五金制品股份有限公司) (002791.SZ) reported a net loss of 89.7 million yuan in the first quarter of 2022, reversing a net profit of 50.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 3.9% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.3%.