Bright Oceans Inter-Telecom Corporation Posted 59.8 Million Yuan Net Loss in First Quarter of 2022

Bright Oceans Inter-Telecom Corporation (亿阳信通股份有限公司) (600289.SH) reported a net loss of 59.8 million yuan in the first quarter of 2022, narrowing 18.4% year-on-year.

Meanwhile, the company posted 49 million yuan in revenue, up 26% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 726.4 million yuan in total liabilities, with a liability-to-asset ratio of 31.2%.