May 06, 2022 08:00 AM

China High-Speed Railway Technology Co.,Ltd. Posted 51.4 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

China High-Speed Railway Technology Co.,Ltd. (神州高铁技术股份有限公司) (000008.SZ) reported a net loss of 51.4 million yuan in the first quarter of 2022, narrowing 41.1% year-on-year.

Meanwhile, the company posted 215.6 million yuan in revenue, up 44.4% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 55.8%.

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