Apr 30, 2022 08:00 AM

Shandong Meichen Ecology&Environment Co.,Ltd. Posted 113.2 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Shandong Meichen Ecology&Environment Co.,Ltd. (山东美晨生态环境股份有限公司) (300237.SZ) reported a net loss of 113.2 million yuan in the first quarter of 2022, widening 103.4% year-on-year.

Meanwhile, the company posted 432.8 million yuan in revenue, down 14.4% year-on-year.

At the end of the reporting period, it had 9.9 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 76.2%.

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