Shanghai Safbon Water Service(Holding) Inc. Posted 55.5 Million Yuan Net Loss in First Quarter of 2022

Shanghai Safbon Water Service(Holding) Inc. (上海巴安水务股份有限公司) (300262.SZ) reported a net loss of 55.5 million yuan in the first quarter of 2022, widening 2797.1% year-on-year.

Meanwhile, the company posted 49.7 million yuan in revenue, down 52.8% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 88.2%.