Jiangsu Beiren Smart Manufacturing Technology Co.,Ltd. Posted 5.4 Million Yuan Net Loss in First Quarter of 2022

Jiangsu Beiren Smart Manufacturing Technology Co.,Ltd. (江苏北人智能制造科技股份有限公司) (688218.SH) reported a net loss of 5.4 million yuan in the first quarter of 2022, reversing a net profit of 3.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 51.6 million yuan in revenue, down 34.5% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 736.4 million yuan in total liabilities, with a liability-to-asset ratio of 46%.