Nanhua Instruments Co.,Ltd. Posted 2.7 Million Yuan Net Loss in First Quarter of 2022

Nanhua Instruments Co.,Ltd. (佛山市南华仪器股份有限公司) (300417.SZ) reported a net loss of 2.7 million yuan in the first quarter of 2022, reversing a net profit of 9.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 20.9 million yuan in revenue, down 65.5% year-on-year.

At the end of the reporting period, it had 527.7 million yuan in total assets and 32.5 million yuan in total liabilities, with a liability-to-asset ratio of 6.2%.