Qinghai Spring Medicinal Resources Technology Co.,Ltd. Posted 23.6 Million Yuan Net Loss in First Quarter of 2022

Qinghai Spring Medicinal Resources Technology Co.,Ltd. (青海春天药用资源科技股份有限公司) (600381.SH) reported a net loss of 23.6 million yuan in the first quarter of 2022, widening 166.8% year-on-year.

Meanwhile, the company posted 75.2 million yuan in revenue, up 270.4% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 30.7 million yuan in total liabilities, with a liability-to-asset ratio of 1.7%.