Everdisplay Optronics(Shanghai) Co.,Ltd. Posted 188.9 Million Yuan Net Loss in First Quarter of 2022

Everdisplay Optronics(Shanghai) Co.,Ltd. (上海和辉光电股份有限公司) (688538.SH) reported a net loss of 188.9 million yuan in the first quarter of 2022, narrowing 28.3% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 24.6% year-on-year.

At the end of the reporting period, it had 32.5 billion yuan in total assets and 15.2 billion yuan in total liabilities, with a liability-to-asset ratio of 46.6%.