Shenzhen Clou Electronics Co.,Ltd. Posted 57.5 Million Yuan Net Loss in First Quarter of 2022

Shenzhen Clou Electronics Co.,Ltd. (深圳市科陆电子科技股份有限公司) (002121.SZ) reported a net loss of 57.5 million yuan in the first quarter of 2022, widening 24.2% year-on-year.

Meanwhile, the company posted 580.2 million yuan in revenue, down 12.1% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 88.9%.