Shenzhen Wongtee International Enterprise Co.,Ltd. Posted 117.1 Million Yuan Net Loss in First Quarter of 2022

Shenzhen Wongtee International Enterprise Co.,Ltd. (深圳市皇庭国际企业股份有限公司) (000056.SZ) reported a net loss of 117.1 million yuan in the first quarter of 2022, reversing a net profit of 3.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 180.6 million yuan in revenue, down 5.3% year-on-year.

At the end of the reporting period, it had 10.6 billion yuan in total assets and 7.4 billion yuan in total liabilities, with a liability-to-asset ratio of 69.3%.