Apr 21, 2023 08:00 AM

Cict Mobile Communication Technology Co.,Ltd. Posted 661.3 Million Yuan Net Loss in 2022

By Caixin Automation

Cict Mobile Communication Technology Co.,Ltd. (中信科移动通信技术股份有限公司) (688387.SH) reported a net loss of 661.3 million yuan in 2022, narrowing 43.7% year-on-year.

Meanwhile, the company posted 6.9 billion yuan in revenue, up 22.1% year-on-year.

At the end of the reporting period, it had 15.2 billion yuan in total assets and 8.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53.8%.

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