Hangzhou Lianluo Interactive Information Technology Co.,Ltd. Posted 341.5 Million Yuan Net Loss in First Half of 2022

Hangzhou Lianluo Interactive Information Technology Co.,Ltd. (杭州联络互动信息科技股份有限公司) (002280.SZ) reported a net loss of 341.5 million yuan in the first half of 2022, reversing a net profit of 231.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.3 billion yuan in revenue, down 25.5% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.