Zhejiang Canaan Technology Limited Posted 83.4 Million Yuan Net Loss in 2022

Zhejiang Canaan Technology Limited (浙江迦南科技股份有限公司) (300412.SZ) reported a net loss of 83.4 million yuan in 2022, reversing a net profit of 87.6 million yuan for the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56.7%.