Net263 Ltd. Posted 38 Million Yuan Net Profit in First Quarter of 2022

Net263 Ltd. (二六三网络通信股份有限公司) (002467.SZ) reported a net profit of 38 million yuan in the first quarter of 2022, reversing a net loss of 37.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 220.8 million yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 379.3 million yuan in total liabilities, with a liability-to-asset ratio of 13.9%.