China Enterprise Company Limited Posted 104.4 Million Yuan Net Loss in First Quarter of 2022

China Enterprise Company Limited (中华企业股份有限公司) (600675.SH) reported a net loss of 104.4 million yuan in the first quarter of 2022, reversing a net profit of 102.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 686.6 million yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 55.4 billion yuan in total assets and 38.4 billion yuan in total liabilities, with a liability-to-asset ratio of 69.5%.