Zhongfu Straits(Pingtan) Development Company Limited Posted 1.3 Million Yuan Net Loss in First Quarter of 2022

Zhongfu Straits(Pingtan) Development Company Limited (中福海峡(平潭)发展股份有限公司) (000592.SZ) reported a net loss of 1.3 million yuan in the first quarter of 2022, reversing a net profit of 25.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 270.1 million yuan in revenue, down 6.1% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.