Bringspring Science&Technology Co.,Ltd. Posted 20.7 Million Yuan Net Loss in First Quarter of 2022

Bringspring Science&Technology Co.,Ltd. (荣科科技股份有限公司) (300290.SZ) reported a net loss of 20.7 million yuan in the first quarter of 2022, reversing a net profit of 4.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 117.9 million yuan in revenue, down 17% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 677.4 million yuan in total liabilities, with a liability-to-asset ratio of 38.9%.