Qingdao Tgood Electric Co.,Ltd. Posted 22.1 Million Yuan Net Loss in First Quarter of 2022

Qingdao Tgood Electric Co.,Ltd. (青岛特锐德电气股份有限公司) (300001.SZ) reported a net loss of 22.1 million yuan in the first quarter of 2022, reversing a net profit of 7.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 32.9% year-on-year.

At the end of the reporting period, it had 19.8 billion yuan in total assets and 12.9 billion yuan in total liabilities, with a liability-to-asset ratio of 64.9%.