Xiamen 35.Com Technology Co.,Ltd. Posted 1.9 Million Yuan Net Loss in First Quarter of 2022

Xiamen 35.Com Technology Co.,Ltd. (厦门三五互联科技股份有限公司) (300051.SZ) reported a net loss of 1.9 million yuan in the first quarter of 2022, reversing a net profit of 2.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 42.7 million yuan in revenue, down 21.5% year-on-year.

At the end of the reporting period, it had 614.8 million yuan in total assets and 399.9 million yuan in total liabilities, with a liability-to-asset ratio of 65.1%.