Guangzhou Hengyun Enterprises Holding Co.,Ltd. Posted 51.1 Million Yuan Net Loss in First Quarter of 2022

Guangzhou Hengyun Enterprises Holding Co.,Ltd. (广州恒运企业集团股份有限公司) (000531.SZ) reported a net loss of 51.1 million yuan in the first quarter of 2022, reversing a net profit of 155.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 905.6 million yuan in revenue, down 8.9% year-on-year.

At the end of the reporting period, it had 16 billion yuan in total assets and 10.2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.