Nanning Sugar Industry Co.,Ltd. Posted 39.4 Million Yuan Net Loss in First Quarter of 2022

Nanning Sugar Industry Co.,Ltd. (南宁糖业股份有限公司) (000911.SZ) reported a net loss of 39.4 million yuan in the first quarter of 2022, reversing a net profit of 5.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 806.7 million yuan in revenue, down 10.5% year-on-year.

At the end of the reporting period, it had 7.4 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 91.8%.