Ob Telecom Electronics Co.,Ltd. Posted 617,874 Yuan Net Loss in First Quarter of 2022

Ob Telecom Electronics Co.,Ltd. (杭州中威电子股份有限公司) (300270.SZ) reported a net loss of 617,874 yuan in the first quarter of 2022, narrowing 88.4% year-on-year.

Meanwhile, the company posted 20.9 million yuan in revenue, down 32.5% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 219.4 million yuan in total liabilities, with a liability-to-asset ratio of 22.6%.