Suzhou Industrial Park Heshun Electric Co.,Ltd. Posted 2.5 Million Yuan Net Loss in First Quarter of 2022

Suzhou Industrial Park Heshun Electric Co.,Ltd. (苏州工业园区和顺电气股份有限公司) (300141.SZ) reported a net loss of 2.5 million yuan in the first quarter of 2022, reversing a net profit of 1.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 53.3 million yuan in revenue, down 29.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 297.1 million yuan in total liabilities, with a liability-to-asset ratio of 30.2%.