Shenyang Jinshan Energy Co.,Ltd. Posted 514.4 Million Yuan Net Loss in First Quarter of 2022

Shenyang Jinshan Energy Co.,Ltd. (沈阳金山能源股份有限公司) (600396.SH) reported a net loss of 514.4 million yuan in the first quarter of 2022, reversing a net profit of 15.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 7.8% year-on-year.

At the end of the reporting period, it had 20.4 billion yuan in total assets and 20.6 billion yuan in total liabilities, with a liability-to-asset ratio of 101.1%.