China Calxon Group Co.,Ltd. Posted 183.1 Million Yuan Net Loss in First Quarter of 2022

China Calxon Group Co.,Ltd. (嘉凯城集团股份有限公司) (000918.SZ) reported a net loss of 183.1 million yuan in the first quarter of 2022, widening 8% year-on-year.

Meanwhile, the company posted 266.2 million yuan in revenue, down 26.2% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 11.6 billion yuan in total liabilities, with a liability-to-asset ratio of 93.3%.