Yingtong Telecommunication Co.,Ltd. Posted 10.8 Million Yuan Net Loss in First Quarter of 2022

Yingtong Telecommunication Co.,Ltd. (瀛通通讯股份有限公司) (002861.SZ) reported a net loss of 10.8 million yuan in the first quarter of 2022, reversing a net profit of 4.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 183.1 million yuan in revenue, down 24.2% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 574.2 million yuan in total liabilities, with a liability-to-asset ratio of 36%.