Zhejiang Huatong Meat Products Co.,Ltd. Posted 106.7 Million Yuan Net Loss in First Quarter of 2022

Zhejiang Huatong Meat Products Co.,Ltd. (浙江华统肉制品股份有限公司) (002840.SZ) reported a net loss of 106.7 million yuan in the first quarter of 2022, reversing a net profit of 86.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 34.8% year-on-year.

At the end of the reporting period, it had 7.6 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 70.5%.