Hunan Zhenghong Science And Technology Develop Co.,Ltd. Posted 61.8 Million Yuan Net Loss in First Quarter of 2022

Hunan Zhenghong Science And Technology Develop Co.,Ltd. (湖南正虹科技发展股份有限公司) (000702.SZ) reported a net loss of 61.8 million yuan in the first quarter of 2022, widening 650.2% year-on-year.

Meanwhile, the company posted 219.7 million yuan in revenue, down 38.5% year-on-year.

At the end of the reporting period, it had 828.1 million yuan in total assets and 615.6 million yuan in total liabilities, with a liability-to-asset ratio of 74.3%.