Hanwang Technology Co.,Ltd. Posted 32.3 Million Yuan Net Loss in First Quarter of 2022

Hanwang Technology Co.,Ltd. (汉王科技股份有限公司) (002362.SZ) reported a net loss of 32.3 million yuan in the first quarter of 2022, reversing a net profit of 32.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 286.3 million yuan in revenue, down 21.9% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 408.3 million yuan in total liabilities, with a liability-to-asset ratio of 19.2%.