Holitech Technology Co.,Ltd. Posted 175.7 Million Yuan Net Loss in First Quarter of 2022

Holitech Technology Co.,Ltd. (合力泰科技股份有限公司) (002217.SZ) reported a net loss of 175.7 million yuan in the first quarter of 2022, reversing a net profit of 116.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 27.8 billion yuan in total assets and 17.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.