Hundsun Technologies Inc. Posted 49.1 Million Yuan Net Loss in First Quarter of 2022

Hundsun Technologies Inc. (恒生电子股份有限公司) (600570.SH) reported a net loss of 49.1 million yuan in the first quarter of 2022, reversing a net profit of 177.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 29.6% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 44.1%.