Shanghai Feilo Acoustics Co.,Ltd. Posted 63.3 Million Yuan Net Loss in First Quarter of 2022

Shanghai Feilo Acoustics Co.,Ltd. (上海飞乐音响股份有限公司) (600651.SH) reported a net loss of 63.3 million yuan in the first quarter of 2022, widening 11.4% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, flat year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 69.7%.