Hangzhou Zongheng Communication Co.,Ltd. Posted 11.4 Million Yuan Net Loss in First Quarter of 2022

Hangzhou Zongheng Communication Co.,Ltd. (杭州纵横通信股份有限公司) (603602.SH) reported a net loss of 11.4 million yuan in the first quarter of 2022, widening 135.7% year-on-year.

Meanwhile, the company posted 189.8 million yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 846 million yuan in total liabilities, with a liability-to-asset ratio of 53.9%.