Beijing Sojo Electric Co.,Ltd. Posted 11.3 Million Yuan Net Loss in First Quarter of 2022

Beijing Sojo Electric Co.,Ltd. (北京双杰电气股份有限公司) (300444.SZ) reported a net loss of 11.3 million yuan in the first quarter of 2022, reversing a net profit of 860,233 yuan for the same period in the previous year.

Meanwhile, the company posted 361.2 million yuan in revenue, up 70.7% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.5%.