Xiamen Changelight Co.,Ltd. Posted 7.4 Million Yuan Net Loss in First Quarter of 2022

Xiamen Changelight Co.,Ltd. (厦门乾照光电股份有限公司) (300102.SZ) reported a net loss of 7.4 million yuan in the first quarter of 2022, reversing a net profit of 43 million yuan for the same period in the previous year.

Meanwhile, the company posted 403.5 million yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.3%.