Jilin Chemical Fibre Co.,Ltd. Posted 49 Million Yuan Net Loss in First Quarter of 2022

Jilin Chemical Fibre Co.,Ltd. (吉林化纤股份有限公司) (000420.SZ) reported a net loss of 49 million yuan in the first quarter of 2022, reversing a net profit of 31.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 936.7 million yuan in revenue, up 4.9% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 67.4%.