Apr 30, 2022 08:00 AM

Thinker Agricultural Machinery Co.,Ltd. Posted 7.9 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Thinker Agricultural Machinery Co.,Ltd. (星光农机股份有限公司) (603789.SH) reported a net loss of 7.9 million yuan in the first quarter of 2022, narrowing 78% year-on-year.

Meanwhile, the company posted 66.3 million yuan in revenue, down 42.8% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 657.5 million yuan in total liabilities, with a liability-to-asset ratio of 50.1%.

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