Hongbo Co.,Ltd. Posted 8.9 Million Yuan Net Loss in First Quarter of 2022

Hongbo Co.,Ltd. (鸿博股份有限公司) (002229.SZ) reported a net loss of 8.9 million yuan in the first quarter of 2022, reversing a net profit of 22.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 118.9 million yuan in revenue, down 27.1% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 707.2 million yuan in total liabilities, with a liability-to-asset ratio of 28.5%.