Poten Environment Group Co.,Ltd. Posted 94.7 Million Yuan Net Loss in First Quarter of 2022

Poten Environment Group Co.,Ltd. (博天环境集团股份有限公司) (603603.SH) reported a net loss of 94.7 million yuan in the first quarter of 2022, reversing a net profit of 10.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 173.8 million yuan in revenue, down 68.2% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 10.3 billion yuan in total liabilities, with a liability-to-asset ratio of 102.8%.