Apr 30, 2022 08:00 AM

Elec-Tech International Co.,Ltd. Posted 51.3 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Elec-Tech International Co.,Ltd. (安徽德豪润达电气股份有限公司) (002005.SZ) reported a net loss of 51.3 million yuan in the first quarter of 2022, narrowing 9.3% year-on-year.

Meanwhile, the company posted 352.7 million yuan in revenue, down 32.6% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52.6%.

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