Chunghsin Technology Group Co.,Ltd. Posted 64.5 Million Yuan Net Loss in First Quarter of 2022

Chunghsin Technology Group Co.,Ltd. (中新科技集团股份有限公司) (603996.SH) reported a net loss of 64.5 million yuan in the first quarter of 2022, narrowing 10.8% year-on-year.

Meanwhile, the company posted 143,805 yuan in revenue, down 36.9% year-on-year.

At the end of the reporting period, it had 661 million yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 471.2%.