Zhejiang East Crystal Electronic Co.,Ltd. Posted 5.2 Million Yuan Net Loss in First Quarter of 2022

Zhejiang East Crystal Electronic Co.,Ltd. (浙江东晶电子股份有限公司) (002199.SZ) reported a net loss of 5.2 million yuan in the first quarter of 2022, reversing a net profit of 8.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 44.9 million yuan in revenue, down 32.5% year-on-year.

At the end of the reporting period, it had 642 million yuan in total assets and 210.9 million yuan in total liabilities, with a liability-to-asset ratio of 32.9%.