Phenix Optics Company Limited Posted 15.2 Million Yuan Net Loss in First Quarter of 2022

Phenix Optics Company Limited (凤凰光学股份有限公司) (600071.SH) reported a net loss of 15.2 million yuan in the first quarter of 2022, reversing a net profit of 4.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 390.3 million yuan in revenue, up 13.3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 66%.