Smartsens Technology(Shanghai) Co.,Ltd. Posted 41.7 Million Yuan Net Loss in First Three Quarters of 2022

Smartsens Technology(Shanghai) Co.,Ltd. (思特威(上海)电子科技股份有限公司) (688213.SH) reported a net loss of 41.7 million yuan in the first three quarters of 2022, reversing a net profit of 320.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 19% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 42.8%.