Kunming Yunnei Power Co.,Ltd. Posted 94.3 Million Yuan Net Loss in First Quarter of 2022

Kunming Yunnei Power Co.,Ltd. (昆明云内动力股份有限公司) (000903.SZ) reported a net loss of 94.3 million yuan in the first quarter of 2022, reversing a net profit of 138.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 20.5% year-on-year.

At the end of the reporting period, it had 14.7 billion yuan in total assets and 9.1 billion yuan in total liabilities, with a liability-to-asset ratio of 61.7%.