New Hope Liuhe Co.,Ltd. Posted 3.5 Billion Yuan Net Loss in First Quarter of 2022

New Hope Liuhe Co.,Ltd. (新希望六和股份有限公司) (000876.SZ) reported a net loss of 3.5 billion yuan in the first quarter of 2022, reversing a net profit of 477.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 29.5 billion yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 136.8 billion yuan in total assets and 93.6 billion yuan in total liabilities, with a liability-to-asset ratio of 68.4%.