Ningxia Yinglite Chemicals Co.,Ltd. Posted 41.7 Million Yuan Net Loss in First Quarter of 2022

Ningxia Yinglite Chemicals Co.,Ltd. (宁夏英力特化工股份有限公司) (000635.SZ) reported a net loss of 41.7 million yuan in the first quarter of 2022, reversing a net profit of 64.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 425.9 million yuan in revenue, down 26% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 465 million yuan in total liabilities, with a liability-to-asset ratio of 15.1%.