Shanghai Kinlita Chemical Co.,Ltd. Posted 26.9 Million Yuan Net Loss in First Quarter of 2022

Shanghai Kinlita Chemical Co.,Ltd. (上海金力泰化工股份有限公司) (300225.SZ) reported a net loss of 26.9 million yuan in the first quarter of 2022, reversing a net profit of 20.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 170 million yuan in revenue, down 29% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 422.7 million yuan in total liabilities, with a liability-to-asset ratio of 32%.