Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. Posted 1.8 Million Yuan Net Loss in First Quarter of 2022

Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. (杭州华星创业通信技术股份有限公司) (300025.SZ) reported a net loss of 1.8 million yuan in the first quarter of 2022, narrowing 69.3% year-on-year.

Meanwhile, the company posted 145.3 million yuan in revenue, down 10.9% year-on-year.

At the end of the reporting period, it had 776.2 million yuan in total assets and 477.9 million yuan in total liabilities, with a liability-to-asset ratio of 61.6%.