Shandong New Beiyang Information Technology Co.,Ltd. Posted 33.1 Million Yuan Net Loss in First Quarter of 2022

Shandong New Beiyang Information Technology Co.,Ltd. (山东新北洋信息技术股份有限公司) (002376.SZ) reported a net loss of 33.1 million yuan in the first quarter of 2022, reversing a net profit of 34.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 369.4 million yuan in revenue, down 24.5% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.4%.