Apr 30, 2022 08:00 AM

Shanghai Tianchen Co.,Ltd. Posted 24.7 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Shanghai Tianchen Co.,Ltd. (上海市天宸股份有限公司) (600620.SH) reported a net loss of 24.7 million yuan in the first quarter of 2022, widening 642.5% year-on-year.

Meanwhile, the company posted 3.9 million yuan in revenue, down 63.1% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 581.6 million yuan in total liabilities, with a liability-to-asset ratio of 18.7%.

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