Shenzhen Zowee Technology Co.,Ltd. Posted 50.4 Million Yuan Net Loss in First Quarter of 2022

Shenzhen Zowee Technology Co.,Ltd. (深圳市卓翼科技股份有限公司) (002369.SZ) reported a net loss of 50.4 million yuan in the first quarter of 2022, widening 80.4% year-on-year.

Meanwhile, the company posted 438.2 million yuan in revenue, down 37.2% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 59.3%.