Xinjiang Sailing Information Technology Co.,Ltd. Posted 15.4 Million Yuan Net Loss in First Quarter of 2022

Xinjiang Sailing Information Technology Co.,Ltd. (新疆熙菱信息技术股份有限公司) (300588.SZ) reported a net loss of 15.4 million yuan in the first quarter of 2022, reversing a net profit of 20.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 16.9 million yuan in revenue, down 39.6% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 501.4 million yuan in total liabilities, with a liability-to-asset ratio of 51.8%.