Shanghai Shenda Co.,Ltd. Posted 98.6 Million Yuan Net Loss in First Quarter of 2022

Shanghai Shenda Co.,Ltd. (上海申达股份有限公司) (600626.SH) reported a net loss of 98.6 million yuan in the first quarter of 2022, reversing a net profit of 265 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 13.3% year-on-year.

At the end of the reporting period, it had 9.7 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.