Union Optech Co.,Ltd. Posted 13.4 Million Yuan Net Loss in First Quarter of 2022

Union Optech Co.,Ltd. (中山联合光电科技股份有限公司) (300691.SZ) reported a net loss of 13.4 million yuan in the first quarter of 2022, reversing a net profit of 15.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 274.7 million yuan in revenue, down 20.2% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 889.6 million yuan in total liabilities, with a liability-to-asset ratio of 36.8%.