Kelin Environmental Protection Equipment,Inc. Posted 24 Million Yuan Net Loss in First Quarter of 2022

Kelin Environmental Protection Equipment,Inc. (科林环保装备股份有限公司) (002499.SZ) reported a net loss of 24 million yuan in the first quarter of 2022, widening 82% year-on-year.

Meanwhile, the company posted 22.6 million yuan in revenue, up 173.8% year-on-year.

At the end of the reporting period, it had 683 million yuan in total assets and 668.5 million yuan in total liabilities, with a liability-to-asset ratio of 97.9%.