Taier Heavy Industry Co.,Ltd. Posted 595,570 Yuan Net Loss in First Quarter of 2022

Taier Heavy Industry Co.,Ltd. (泰尔重工股份有限公司) (002347.SZ) reported a net loss of 595,570 yuan in the first quarter of 2022, reversing a net profit of 6.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 207.6 million yuan in revenue, up 19.5% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 47.6%.