Ningbo Xianfeng New Material Co.,Ltd. Posted 1.2 Million Yuan Net Loss in First Quarter of 2022

Ningbo Xianfeng New Material Co.,Ltd. (宁波先锋新材料股份有限公司) (300163.SZ) reported a net loss of 1.2 million yuan in the first quarter of 2022, reversing a net profit of 1.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 73.5 million yuan in revenue, down 7.7% year-on-year.

At the end of the reporting period, it had 669.3 million yuan in total assets and 76.1 million yuan in total liabilities, with a liability-to-asset ratio of 11.4%.