Csg Smart Science&Technology Co.,Ltd. Posted 30.8 Million Yuan Net Loss in First Quarter of 2022

Csg Smart Science&Technology Co.,Ltd. (科大智能科技股份有限公司) (300222.SZ) reported a net loss of 30.8 million yuan in the first quarter of 2022, reversing a net profit of 265.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 510 million yuan in revenue, up 27.3% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 66.2%.