Shanghai Hyp-Arch Architectural Design Consultant Co.,Ltd. Posted 19 Million Yuan Net Loss in First Quarter of 2022

Shanghai Hyp-Arch Architectural Design Consultant Co.,Ltd. (上海霍普建筑设计事务所股份有限公司) (301024.SZ) reported a net loss of 19 million yuan in the first quarter of 2022, reversing a net profit of 9.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 41.4 million yuan in revenue, down 29.9% year-on-year.

At the end of the reporting period, it had 903.1 million yuan in total assets and 90.9 million yuan in total liabilities, with a liability-to-asset ratio of 10.1%.