Wanma Technology Co.,Ltd. Posted 11.7 Million Yuan Net Loss in First Quarter of 2022

Wanma Technology Co.,Ltd. (万马科技股份有限公司) (300698.SZ) reported a net loss of 11.7 million yuan in the first quarter of 2022, widening 0.8% year-on-year.

Meanwhile, the company posted 59 million yuan in revenue, down 12.3% year-on-year.

At the end of the reporting period, it had 911.4 million yuan in total assets and 484.4 million yuan in total liabilities, with a liability-to-asset ratio of 53.2%.