Caihong Display Devices Co.,Ltd. Posted 2.7 Billion Yuan Net Loss in 2022

Caihong Display Devices Co.,Ltd. (彩虹显示器件股份有限公司) (600707.SH) reported a net loss of 2.7 billion yuan in 2022, reversing a net profit of 2.7 billion yuan for the previous year.

Meanwhile, the company posted 9 billion yuan in revenue, down 41% year-on-year.

At the end of the reporting period, it had 40.8 billion yuan in total assets and 21 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.