Guangdong Jialong Food Co.,Ltd. Posted 2.2 Million Yuan Net Loss in First Quarter of 2022

Guangdong Jialong Food Co.,Ltd. (广东佳隆食品股份有限公司) (002495.SZ) reported a net loss of 2.2 million yuan in the first quarter of 2022, reversing a net profit of 3.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 55.1 million yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 75.3 million yuan in total liabilities, with a liability-to-asset ratio of 5.8%.