Guangdng Sitong Group Co.,Ltd. Posted 1.8 Million Yuan Net Loss in First Quarter of 2022

Guangdng Sitong Group Co.,Ltd. (广东四通集团股份有限公司) (603838.SH) reported a net loss of 1.8 million yuan in the first quarter of 2022, reversing a net profit of 3.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 67.8 million yuan in revenue, down 27.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 74.7 million yuan in total liabilities, with a liability-to-asset ratio of 6.5%.