Gansu Ronghua Industry Group Co.,Ltd. Posted 8.1 Million Yuan Net Loss in First Quarter of 2022

Gansu Ronghua Industry Group Co.,Ltd. (甘肃荣华实业(集团)股份有限公司) (600311.SH) reported a net loss of 8.1 million yuan in the first quarter of 2022, reversing a net profit of 4.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 255.7 million yuan in revenue, up 33.6% year-on-year.

At the end of the reporting period, it had 795 million yuan in total assets and 883.5 million yuan in total liabilities, with a liability-to-asset ratio of 111.1%.