Netposa Technologies Co.,Ltd. Posted 90.7 Million Yuan Net Loss in First Quarter of 2022

Netposa Technologies Co.,Ltd. (东方网力科技股份有限公司) (300367.SZ) reported a net loss of 90.7 million yuan in the first quarter of 2022, narrowing 26% year-on-year.

Meanwhile, the company posted 6.9 million yuan in revenue, down 74% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 176.9%.