Shaanxi Fenghuo Electronics Co.,Ltd. Posted 45.3 Million Yuan Net Loss in First Quarter of 2022

Shaanxi Fenghuo Electronics Co.,Ltd. (陕西烽火电子股份有限公司) (000561.SZ) reported a net loss of 45.3 million yuan in the first quarter of 2022, widening 124.9% year-on-year.

Meanwhile, the company posted 159.2 million yuan in revenue, down 14.1% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 52.6%.