Datang Telecom Technology Co.,Ltd. Posted 38.4 Million Yuan Net Loss in First Quarter of 2022

Datang Telecom Technology Co.,Ltd. (大唐电信科技股份有限公司) (600198.SH) reported a net loss of 38.4 million yuan in the first quarter of 2022, narrowing 64.8% year-on-year.

Meanwhile, the company posted 148.8 million yuan in revenue, down 3% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 60.1%.