Neoglory Prosperity Inc. Posted 149.3 Million Yuan Net Loss in First Quarter of 2022

Neoglory Prosperity Inc. (新光圆成股份有限公司) (002147.SZ) reported a net loss of 149.3 million yuan in the first quarter of 2022, widening 23.2% year-on-year.

Meanwhile, the company posted 202.5 million yuan in revenue, down 53.5% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 96.7%.