Shenzhen Silver Basis Technology Co.,Ltd. Posted 70.7 Million Yuan Net Loss in First Quarter of 2022

Shenzhen Silver Basis Technology Co.,Ltd. (深圳市银宝山新科技股份有限公司) (002786.SZ) reported a net loss of 70.7 million yuan in the first quarter of 2022, narrowing 19.2% year-on-year.

Meanwhile, the company posted 627.5 million yuan in revenue, up 5.4% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 89.5%.