Asiainfo Security Technologies Co.,Ltd. Posted 167.5 Million Yuan Net Loss in First Half of 2022

Asiainfo Security Technologies Co.,Ltd. (亚信安全科技股份有限公司) (688225.SH) reported a net loss of 167.5 million yuan in the first half of 2022, reversing a net profit of 7.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 592.9 million yuan in revenue, up 22% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 29.8%.