Hangzhou Lianluo Interactive Information Technology Co.,Ltd. Posted 325.1 Million Yuan Net Loss in First Quarter of 2022

Hangzhou Lianluo Interactive Information Technology Co.,Ltd. (杭州联络互动信息科技股份有限公司) (002280.SZ) reported a net loss of 325.1 million yuan in the first quarter of 2022, widening 603.1% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 17.8% year-on-year.

At the end of the reporting period, it had 10.5 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 82.5%.