Lander Sports Development Co.,Ltd. Posted 8.3 Million Yuan Net Loss in First Quarter of 2022

Lander Sports Development Co.,Ltd. (莱茵达体育发展股份有限公司) (000558.SZ) reported a net loss of 8.3 million yuan in the first quarter of 2022, narrowing 38.5% year-on-year.

Meanwhile, the company posted 23.6 million yuan in revenue, down 34% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 812.2 million yuan in total liabilities, with a liability-to-asset ratio of 42.3%.