Daodaoquan Grain And Oil Co.,Ltd. Posted 53 Million Yuan Net Loss in First Quarter of 2022

Daodaoquan Grain And Oil Co.,Ltd. (道道全粮油股份有限公司) (002852.SZ) reported a net loss of 53 million yuan in the first quarter of 2022, reversing a net profit of 84.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 4.8% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.