Hangzhou Innover Technology Co.,Ltd. Posted 587,003 Yuan Net Loss in First Quarter of 2022

Hangzhou Innover Technology Co.,Ltd. (杭州先锋电子技术股份有限公司) (002767.SZ) reported a net loss of 587,003 yuan in the first quarter of 2022, narrowing 69.7% year-on-year.

Meanwhile, the company posted 74.4 million yuan in revenue, up 8.5% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 222.9 million yuan in total liabilities, with a liability-to-asset ratio of 22.4%.