May 06, 2022 08:00 AM

Jinzhou Cihang Group Co.,Ltd. Posted 36.4 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Jinzhou Cihang Group Co.,Ltd. (金洲慈航集团股份有限公司) (000587.SZ) reported a net loss of 36.4 million yuan in the first quarter of 2022, narrowing 60.4% year-on-year.

Meanwhile, the company posted 25.5 million yuan in revenue, down 29.1% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 120%.

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