Beijing Watertek Information Technology Co.,Ltd. Posted 42.5 Million Yuan Net Loss in First Quarter of 2022

Beijing Watertek Information Technology Co.,Ltd. (北京旋极信息技术股份有限公司) (300324.SZ) reported a net loss of 42.5 million yuan in the first quarter of 2022, narrowing 13.7% year-on-year.

Meanwhile, the company posted 499 million yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 36.3%.