Westone Information Industry Inc. Posted 38.3 Million Yuan Net Loss in First Quarter of 2022

Westone Information Industry Inc. (成都卫士通信息产业股份有限公司) (002268.SZ) reported a net loss of 38.3 million yuan in the first quarter of 2022, narrowing 50.5% year-on-year.

Meanwhile, the company posted 630.8 million yuan in revenue, up 123.1% year-on-year.

At the end of the reporting period, it had 6.7 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 24.9%.