Beijing Honggao Creative Architectural Design Co.,Ltd. Posted 7.9 Million Yuan Net Loss in First Quarter of 2022

Beijing Honggao Creative Architectural Design Co.,Ltd. (北京弘高创意建筑设计股份有限公司) (002504.SZ) reported a net loss of 7.9 million yuan in the first quarter of 2022, narrowing 17.7% year-on-year.

Meanwhile, the company posted 34.9 million yuan in revenue, down 28% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 93.7%.