Huatian Hotel Group Co.,Ltd. Posted 55.1 Million Yuan Net Loss in First Quarter of 2022

Huatian Hotel Group Co.,Ltd. (华天酒店集团股份有限公司) (000428.SZ) reported a net loss of 55.1 million yuan in the first quarter of 2022, narrowing 54.6% year-on-year.

Meanwhile, the company posted 105.8 million yuan in revenue, down 16.7% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 68.9%.