Cashway Fintech Co.,Ltd. Posted 46 Million Yuan Net Loss in First Half of 2022

Cashway Fintech Co.,Ltd. (恒银金融科技股份有限公司) (603106.SH) reported a net loss of 46 million yuan in the first half of 2022, reversing a net profit of 4.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 241.6 million yuan in revenue, down 27.5% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 703.1 million yuan in total liabilities, with a liability-to-asset ratio of 30.8%.