Shaanxi Construction Machinery Co.,Ltd. Posted 54 Million Yuan Net Loss in First Quarter of 2022

Shaanxi Construction Machinery Co.,Ltd. (陕西建设机械股份有限公司) (600984.SH) reported a net loss of 54 million yuan in the first quarter of 2022, reversing a net profit of 65.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 765.2 million yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 16.9 billion yuan in total assets and 10.9 billion yuan in total liabilities, with a liability-to-asset ratio of 64.3%.