Guangzhou Fangbang Electronics Co.,Ltd. Posted 11.5 Million Yuan Net Loss in First Quarter of 2022

Guangzhou Fangbang Electronics Co.,Ltd. (广州方邦电子股份有限公司) (688020.SH) reported a net loss of 11.5 million yuan in the first quarter of 2022, reversing a net profit of 21.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 96 million yuan in revenue, up 62.9% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 277.8 million yuan in total liabilities, with a liability-to-asset ratio of 14.7%.