Avit Ltd. Posted 12.7 Million Yuan Net Loss in First Quarter of 2022

Avit Ltd. (深圳市佳创视讯技术股份有限公司) (300264.SZ) reported a net loss of 12.7 million yuan in the first quarter of 2022, reversing a net profit of 3.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 21.2 million yuan in revenue, down 50.5% year-on-year.

At the end of the reporting period, it had 290.4 million yuan in total assets and 154.3 million yuan in total liabilities, with a liability-to-asset ratio of 53.1%.