Cloud Live Technology Group Co.,Ltd. Posted 825,559 Yuan Net Loss in First Quarter of 2022

Cloud Live Technology Group Co.,Ltd. (中科云网科技集团股份有限公司) (002306.SZ) reported a net loss of 825,559 yuan in the first quarter of 2022, reversing a net profit of 3.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 26.2 million yuan in revenue, down 80.5% year-on-year.

At the end of the reporting period, it had 180.9 million yuan in total assets and 92.7 million yuan in total liabilities, with a liability-to-asset ratio of 51.3%.