Wuxi Hodgen Technology Co.,Ltd. Posted 37.8 Million Yuan Net Loss in First Quarter of 2022

Wuxi Hodgen Technology Co.,Ltd. (无锡和晶科技股份有限公司) (300279.SZ) reported a net loss of 37.8 million yuan in the first quarter of 2022, reversing a net profit of 11.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 499 million yuan in revenue, down 11.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 68.5%.