Fanli Digital Technology Co.,Ltd. Posted 6.1 Million Yuan Net Loss in First Quarter of 2022

Fanli Digital Technology Co.,Ltd. (返利网数字科技股份有限公司) (600228.SH) reported a net loss of 6.1 million yuan in the first quarter of 2022, reversing a net profit of 16.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 65.7 million yuan in revenue, down 30.8% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 665.2 million yuan in total liabilities, with a liability-to-asset ratio of 43.3%.