Ireader Technology Co.,Ltd. Posted 15.8 Million Yuan Net Loss in First Quarter of 2022

Ireader Technology Co.,Ltd. (掌阅科技股份有限公司) (603533.SH) reported a net loss of 15.8 million yuan in the first quarter of 2022, reversing a net profit of 62.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 520.4 million yuan in revenue, down 6.1% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 901.9 million yuan in total liabilities, with a liability-to-asset ratio of 26.2%.