Guangdong Silver Age Sci&Tech Co.,Ltd. Posted 1.3 Million Yuan Net Loss in First Quarter of 2022

Guangdong Silver Age Sci&Tech Co.,Ltd. (广东银禧科技股份有限公司) (300221.SZ) reported a net loss of 1.3 million yuan in the first quarter of 2022, reversing a net profit of 29 million yuan for the same period in the previous year.

Meanwhile, the company posted 470.9 million yuan in revenue, up 6.8% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 678.3 million yuan in total liabilities, with a liability-to-asset ratio of 36.3%.