Beijing Dabeinong Technology Group Co.,Ltd. Posted 286 Million Yuan Net Loss in First Quarter of 2022

Beijing Dabeinong Technology Group Co.,Ltd. (北京大北农科技集团股份有限公司) (002385.SZ) reported a net loss of 286 million yuan in the first quarter of 2022, reversing a net profit of 474.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 27.8 billion yuan in total assets and 15.5 billion yuan in total liabilities, with a liability-to-asset ratio of 55.7%.