Guangdong Rongtai Industry Co.,Ltd. Posted 13.6 Million Yuan Net Loss in First Quarter of 2022

Guangdong Rongtai Industry Co.,Ltd. (广东榕泰实业股份有限公司) (600589.SH) reported a net loss of 13.6 million yuan in the first quarter of 2022, widening 8.3% year-on-year.

Meanwhile, the company posted 198.6 million yuan in revenue, down 28.3% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 96.2%.