Tianjin Hi-Tech Development Co.,Ltd. Posted 11.7 Million Yuan Net Loss in First Quarter of 2022

Tianjin Hi-Tech Development Co.,Ltd. (天津海泰科技发展股份有限公司) (600082.SH) reported a net loss of 11.7 million yuan in the first quarter of 2022, narrowing 18.8% year-on-year.

Meanwhile, the company posted 119.7 million yuan in revenue, down 38.5% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 36.2%.