Foshan Golden Milky Way Intelligent Equipment Co.,Ltd. Posted 9.1 Million Yuan Net Loss in First Quarter of 2022

Foshan Golden Milky Way Intelligent Equipment Co.,Ltd. (佛山市金银河智能装备股份有限公司) (300619.SZ) reported a net loss of 9.1 million yuan in the first quarter of 2022, narrowing 14.9% year-on-year.

Meanwhile, the company posted 269.7 million yuan in revenue, up 96.3% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 66.7%.