Huamao Shares (000850): A Loss Of 170 Million Yuan In The First Quarter

Huamao shares disclosed a quarterly report in April 30, 2020. The company achieved a total revenue of 550 million in the first quarter of 2020, down 14.4% from the same period last year, and realized net profit of -1.7 billion, which was 420 million yuan in the same period last year, and failed to maintain profitability. During the reporting period, the gross profit margin of the company was 9.7%, which basically maintained the level of the previous year. The net interest rate was -31.8%, down 97.5 percentage points from the same period.