Qingdao Doublestar Co.,Ltd. Posted 167 Million Yuan Net Loss in First Quarter of 2022

Qingdao Doublestar Co.,Ltd. (青岛双星股份有限公司) (000599.SZ) reported a net loss of 167 million yuan in the first quarter of 2022, reversing a net profit of 41.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 913.3 million yuan in revenue, down 24.8% year-on-year.

At the end of the reporting period, it had 11 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 73%.