Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. Posted 27.9 Million Yuan Net Loss in First Quarter of 2022

Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. (宁夏中科生物科技股份有限公司) (600165.SH) reported a net loss of 27.9 million yuan in the first quarter of 2022, reversing a net profit of 555,690 yuan for the same period in the previous year.

Meanwhile, the company posted 166.7 million yuan in revenue, up 335.8% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 69%.