Jinjian Cereals Industry Co.,Ltd. Posted 5 Million Yuan Net Loss in First Quarter of 2022

Jinjian Cereals Industry Co.,Ltd. (金健米业股份有限公司) (600127.SH) reported a net loss of 5 million yuan in the first quarter of 2022, reversing a net profit of 11.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 67%.