Ningbo Gqy Video&Telecom Joint-Stock Co.,Ltd. Posted 1.2 Million Yuan Net Loss in First Quarter of 2022

Ningbo Gqy Video&Telecom Joint-Stock Co.,Ltd. (宁波GQY视讯股份有限公司) (300076.SZ) reported a net loss of 1.2 million yuan in the first quarter of 2022, narrowing 67% year-on-year.

Meanwhile, the company posted 16.5 million yuan in revenue, down 43.7% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 94.1 million yuan in total liabilities, with a liability-to-asset ratio of 8.4%.