May 06, 2022 08:00 AM

Guangzhou Baiyun Electric Equipment Co.,Ltd. Posted 59.4 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Guangzhou Baiyun Electric Equipment Co.,Ltd. (广州白云电器设备股份有限公司) (603861.SH) reported a net loss of 59.4 million yuan in the first quarter of 2022, reversing a net profit of 43.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 420.8 million yuan in revenue, down 6.6% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.

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