Jiangsu Dewei Advanced Materials Co.,Ltd. Posted 27.2 Million Yuan Net Loss in First Quarter of 2022

Jiangsu Dewei Advanced Materials Co.,Ltd. (江苏德威新材料股份有限公司) (300325.SZ) reported a net loss of 27.2 million yuan in the first quarter of 2022, narrowing 41.2% year-on-year.

Meanwhile, the company posted 278.9 million yuan in revenue, up 50.8% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 113.2%.