Cashway Fintech Co.,Ltd. Posted 79.4 Million Yuan Net Loss in First Three Quarters 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 79.4 million yuan in the first three quarters of 2022, reversing a net profit of 19.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 394.3 million yuan in revenue, down 14.7% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 681.9 million yuan in total liabilities, with a liability-to-asset ratio of 30.6%.