Focused Photonics(Hangzhou) Inc. Posted 78 Million Yuan Net Loss in First Quarter of 2022

Focused Photonics(Hangzhou) Inc. (聚光科技(杭州)股份有限公司) (300203.SZ) reported a net loss of 78 million yuan in the first quarter of 2022, narrowing 13.8% year-on-year.

Meanwhile, the company posted 502.4 million yuan in revenue, down 4.2% year-on-year.

At the end of the reporting period, it had 10.1 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 62.1%.