Fujian Superpipe Co.,Ltd. Posted 15.6 Million Yuan Net Loss in First Quarter of 2022

Fujian Superpipe Co.,Ltd. (福建纳川管材科技股份有限公司) (300198.SZ) reported a net loss of 15.6 million yuan in the first quarter of 2022, reversing a net profit of 1.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 78.7 million yuan in revenue, down 45.4% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 60.5%.