Sichuan Shengda Forestry Industry Co.,Ltd. Posted 4.2 Million Yuan Net Loss in First Quarter of 2022

Sichuan Shengda Forestry Industry Co.,Ltd. (四川升达林业产业股份有限公司) (002259.SZ) reported a net loss of 4.2 million yuan in the first quarter of 2022, reversing a net profit of 17.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 378.9 million yuan in revenue, up 40.8% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 865.1 million yuan in total liabilities, with a liability-to-asset ratio of 87.6%.