Hangzhou Hopechart Iot Technology Co.,Ltd. Posted 61.3 Million Yuan Net Loss in First Three Quarters of 2022

Hangzhou Hopechart Iot Technology Co.,Ltd. (杭州鸿泉物联网技术股份有限公司) (688288.SH) reported a net loss of 61.3 million yuan in the first three quarters of 2022, reversing a net profit of 41 million yuan for the same period in the previous year.

Meanwhile, the company posted 179.2 million yuan in revenue, down 43.7% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 169.9 million yuan in total liabilities, with a liability-to-asset ratio of 16.6%.