Zhejiang Shibao Company Limited Posted 4.6 Million Yuan Net Loss in First Quarter of 2022

Zhejiang Shibao Company Limited (浙江世宝股份有限公司) (002703.SZ) reported a net loss of 4.6 million yuan in the first quarter of 2022, reversing a net profit of 19.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 260.6 million yuan in revenue, down 11.2% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 750.2 million yuan in total liabilities, with a liability-to-asset ratio of 35.7%.