Zhejiang Furun Digital Technology Co.,Ltd. Posted 6.7 Million Yuan Net Loss in First Quarter of 2022

Zhejiang Furun Digital Technology Co.,Ltd. (浙江富润数字科技股份有限公司) (600070.SH) reported a net loss of 6.7 million yuan in the first quarter of 2022, reversing a net profit of 87.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 262.2 million yuan in revenue, down 51.6% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 918 million yuan in total liabilities, with a liability-to-asset ratio of 34.1%.