Piesat Information Technology Co.,Ltd. Posted 49.6 Million Yuan Net Loss in First Quarter of 2022

Piesat Information Technology Co.,Ltd. (航天宏图信息技术股份有限公司) (688066.SH) reported a net loss of 49.6 million yuan in the first quarter of 2022, widening 10% year-on-year.

Meanwhile, the company posted 195.4 million yuan in revenue, up 179.3% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 35.8%.