Souyute Group Co.,Ltd. Posted 130.4 Million Yuan Net Loss in First Quarter of 2022

Souyute Group Co.,Ltd. (搜于特集团股份有限公司) (002503.SZ) reported a net loss of 130.4 million yuan in the first quarter of 2022, narrowing 55.5% year-on-year.

Meanwhile, the company posted 526.5 million yuan in revenue, down 59.8% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 94.3%.