Beijing Jingcheng Machinery Electric Company Limited Posted 2.9 Million Yuan Net Loss in First Quarter of 2022

Beijing Jingcheng Machinery Electric Company Limited (北京京城机电股份有限公司) (600860.SH) reported a net loss of 2.9 million yuan in the first quarter of 2022, narrowing 36.6% year-on-year.

Meanwhile, the company posted 279.8 million yuan in revenue, up 13.2% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 621.6 million yuan in total liabilities, with a liability-to-asset ratio of 39.3%.