Hengbao Co.,Ltd. Posted 5 Million Yuan Net Loss in First Quarter of 2022

Hengbao Co.,Ltd. (恒宝股份有限公司) (002104.SZ) reported a net loss of 5 million yuan in the first quarter of 2022, reversing a net profit of 2.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 171.3 million yuan in revenue, down 12.9% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 298.6 million yuan in total liabilities, with a liability-to-asset ratio of 14%.