Nanjing Xinlian Electronics Co.,Ltd. Posted 9.3 Million Yuan Net Loss in First Quarter of 2022

Nanjing Xinlian Electronics Co.,Ltd. (南京新联电子股份有限公司) (002546.SZ) reported a net loss of 9.3 million yuan in the first quarter of 2022, reversing a net profit of 22.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 94.1 million yuan in revenue, up 38.4% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 288.9 million yuan in total liabilities, with a liability-to-asset ratio of 8.2%.