Liaoyuan Joyson Electronic Co.,Ltd. Posted 306.5 Million Yuan Net Loss in First Quarter of 2022

Liaoyuan Joyson Electronic Co.,Ltd. (宁波均胜电子股份有限公司) (600699.SH) reported a net loss of 306.5 million yuan in the first quarter of 2022, reversing a net profit of 288.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 11.7 billion yuan in revenue, down 4.5% year-on-year.

At the end of the reporting period, it had 51.6 billion yuan in total assets and 34.9 billion yuan in total liabilities, with a liability-to-asset ratio of 67.5%.