May 06, 2022 08:00 AM

Huayi Electric Company Limited Posted 46.4 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Huayi Electric Company Limited (华仪电气股份有限公司) (600290.SH) reported a net loss of 46.4 million yuan in the first quarter of 2022, narrowing 17.9% year-on-year.

Meanwhile, the company posted 60.6 million yuan in revenue, up 16.4% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 91.4%.

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