Guangdong Bobaolon Co.,Ltd. Posted 31.6 Million Yuan Net Loss in First Quarter of 2022

Guangdong Bobaolon Co.,Ltd. (广东柏堡龙股份有限公司) (002776.SZ) reported a net loss of 31.6 million yuan in the first quarter of 2022, widening 90.1% year-on-year.

Meanwhile, the company posted 10 million yuan in revenue, down 76.1% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 84.2%.