Gi Technologies Group Co.,Ltd. Posted 113.3 Million Yuan Net Loss in First Quarter of 2022

Gi Technologies Group Co.,Ltd. (吉艾科技集团股份公司) (300309.SZ) reported a net loss of 113.3 million yuan in the first quarter of 2022, widening 15.4% year-on-year.

Meanwhile, the company posted 1.8 million yuan in revenue, down 92.6% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 121.3%.