Northeast Electric Development Company Limited Posted 19.9 Million Yuan Net Loss in First Quarter of 2022

Northeast Electric Development Company Limited (东北电气发展股份有限公司) (000585.SZ) reported a net loss of 19.9 million yuan in the first quarter of 2022, widening 568.2% year-on-year.

Meanwhile, the company posted 12.5 million yuan in revenue, down 15.6% year-on-year.

At the end of the reporting period, it had 182.2 million yuan in total assets and 370.9 million yuan in total liabilities, with a liability-to-asset ratio of 203.5%.