Hubei Kaile Science And Technology Co.,Ltd. Posted 95.2 Million Yuan Net Loss in First Quarter of 2022

Hubei Kaile Science And Technology Co.,Ltd. (湖北凯乐科技股份有限公司) (600260.SH) reported a net loss of 95.2 million yuan in the first quarter of 2022, reversing a net profit of 186.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 160.4 million yuan in revenue, down 68.6% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 148.5%.