Yonyou Network Technology Co.,Ltd. Posted 602.4 Million Yuan Net Loss in First Three Quarters of 2022

Yonyou Network Technology Co.,Ltd. (用友网络科技股份有限公司) (600588.SH) reported a net loss of 602.4 million yuan in the first three quarters of 2022, reversing a net profit of 32.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.6 billion yuan in revenue, up 13.4% year-on-year.

At the end of the reporting period, it had 22.1 billion yuan in total assets and 10.2 billion yuan in total liabilities, with a liability-to-asset ratio of 46.2%.