Shanghai Huaming Intelligent Terminal Equipment Co.,Ltd. Posted 12.8 Million Yuan Net Loss in First Quarter of 2022

Shanghai Huaming Intelligent Terminal Equipment Co.,Ltd. (上海华铭智能终端设备股份有限公司) (300462.SZ) reported a net loss of 12.8 million yuan in the first quarter of 2022, reversing a net profit of 4.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 90.5 million yuan in revenue, down 37.3% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 766.8 million yuan in total liabilities, with a liability-to-asset ratio of 34%.