Hillstone Networks Co.,Ltd. Posted 38.9 Million Yuan Net Loss in First Three Quarters of 2022

Hillstone Networks Co.,Ltd. (山石网科通信技术股份有限公司) (688030.SH) reported a net loss of 38.9 million yuan in the first three quarters of 2022, widening 80.9% year-on-year.

Meanwhile, the company posted 713.7 million yuan in revenue, up 18.4% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 610.1 million yuan in total liabilities, with a liability-to-asset ratio of 29.1%.