Chahua Modern Housewares Co.,Ltd. Posted 1.3 Million Yuan Net Loss in First Quarter of 2022

Chahua Modern Housewares Co.,Ltd. (茶花现代家居用品股份有限公司) (603615.SH) reported a net loss of 1.3 million yuan in the first quarter of 2022, reversing a net profit of 7.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 164.9 million yuan in revenue, down 23.4% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 141.2 million yuan in total liabilities, with a liability-to-asset ratio of 10.4%.