Digital China(Si-Tech) Information Technology Ltd. Posted 54.9 Million Yuan Net Loss in First Quarter of 2022

Digital China(Si-Tech) Information Technology Ltd. (北京思特奇信息技术股份有限公司) (300608.SZ) reported a net loss of 54.9 million yuan in the first quarter of 2022, widening 41.8% year-on-year.

Meanwhile, the company posted 87.3 million yuan in revenue, up 26.1% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 906.4 million yuan in total liabilities, with a liability-to-asset ratio of 50.3%.