Ob Telecom Electronics Co.,Ltd. Posted 13.4 Million Yuan Net Loss in First Half of 2022

Ob Telecom Electronics Co.,Ltd. (杭州中威电子股份有限公司) (300270.SZ) reported a net loss of 13.4 million yuan in the first half of 2022, widening 85.4% year-on-year.

Meanwhile, the company posted 71.3 million yuan in revenue, down 10.9% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 223.7 million yuan in total liabilities, with a liability-to-asset ratio of 23.2%.