Visionox Technology Inc. Posted 700.2 Million Yuan Net Loss in First Quarter of 2022

Visionox Technology Inc. (维信诺科技股份有限公司) (002387.SZ) reported a net loss of 700.2 million yuan in the first quarter of 2022, widening 69.3% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 22.9% year-on-year.

At the end of the reporting period, it had 38.7 billion yuan in total assets and 21.7 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.