Shenzhen Aoto Electronics Co.,Ltd. Posted 7.4 Million Yuan Net Loss in First Quarter of 2022

Shenzhen Aoto Electronics Co.,Ltd. (深圳市奥拓电子股份有限公司) (002587.SZ) reported a net loss of 7.4 million yuan in the first quarter of 2022, reversing a net profit of 1.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 201.9 million yuan in revenue, up 15.4% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 789.1 million yuan in total liabilities, with a liability-to-asset ratio of 36.3%.