Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Posted 267.3 Million Yuan Net Loss in First Quarter of 2022

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (上海大众公用事业(集团)股份有限公司) (600635.SH) reported a net loss of 267.3 million yuan in the first quarter of 2022, reversing a net profit of 91.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 24 billion yuan in total assets and 14.2 billion yuan in total liabilities, with a liability-to-asset ratio of 59.3%.