Nanjing Chemical Fibre Co.,Ltd. Posted 35.4 Million Yuan Net Loss in First Quarter of 2022

Nanjing Chemical Fibre Co.,Ltd. (南京化纤股份有限公司) (600889.SH) reported a net loss of 35.4 million yuan in the first quarter of 2022, reversing a net profit of 115.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 133.6 million yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 799.1 million yuan in total liabilities, with a liability-to-asset ratio of 38.2%.