Shanghai Metersbonwe Fashion&Accessories Co.,Ltd. Posted 155.2 Million Yuan Net Loss in First Quarter of 2022

Shanghai Metersbonwe Fashion&Accessories Co.,Ltd. (上海美特斯邦威服饰股份有限公司) (002269.SZ) reported a net loss of 155.2 million yuan in the first quarter of 2022, reversing a net profit of 121.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 469.6 million yuan in revenue, down 41.1% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 87.5%.