Yiwu Huading Nylon Co.,Ltd. Posted 83.8 Million Yuan Net Loss in First Quarter of 2022

Yiwu Huading Nylon Co.,Ltd. (义乌华鼎锦纶股份有限公司) (601113.SH) reported a net loss of 83.8 million yuan in the first quarter of 2022, reversing a net profit of 86.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 33.8% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.