Shanghai Huahongjt Smart System Co.,Ltd. Posted 5.8 Million Yuan Net Loss in First Quarter of 2022

Shanghai Huahongjt Smart System Co.,Ltd. (上海华虹计通智能系统股份有限公司) (300330.SZ) reported a net loss of 5.8 million yuan in the first quarter of 2022, reversing a net profit of 1.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 38 million yuan in revenue, down 53.9% year-on-year.

At the end of the reporting period, it had 615.4 million yuan in total assets and 233 million yuan in total liabilities, with a liability-to-asset ratio of 37.9%.