Kraussmaffei Company Limited Posted 180 Million Yuan Net Loss in First Quarter of 2022

Kraussmaffei Company Limited (克劳斯玛菲股份有限公司) (600579.SH) reported a net loss of 180 million yuan in the first quarter of 2022, widening 39.1% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 4.2% year-on-year.

At the end of the reporting period, it had 17 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.