Cict Mobile Communication Technology Co.,Ltd. Posted 297.4 Million Yuan Net Loss in First Three Quarters of 2022

Cict Mobile Communication Technology Co.,Ltd. (中信科移动通信技术股份有限公司) (688387.SH) reported a net loss of 297.4 million yuan in the first three quarters of 2022, narrowing 67.3% year-on-year.

Meanwhile, the company posted 4.4 billion yuan in revenue, up 60.1% year-on-year.

At the end of the reporting period, it had 15.3 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.