Fujian Sanmu Group Co.,Ltd. Posted 8.9 Million Yuan Net Loss in First Quarter of 2022

Fujian Sanmu Group Co.,Ltd. (福建三木集团股份有限公司) (000632.SZ) reported a net loss of 8.9 million yuan in the first quarter of 2022, reversing a net profit of 9.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 13.1% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 81.3%.