Shanghai Zhangjiang Hi-Tech Park Development Co.,Ltd. Posted 223.3 Million Yuan Net Loss in First Quarter of 2022

Shanghai Zhangjiang Hi-Tech Park Development Co.,Ltd. (上海张江高科技园区开发股份有限公司) (600895.SH) reported a net loss of 223.3 million yuan in the first quarter of 2022, reversing a net profit of 534.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 36.4 billion yuan in total assets and 22.2 billion yuan in total liabilities, with a liability-to-asset ratio of 60.9%.