Beijing Sinnet Technology Co.,Ltd. Posted 1 Billion Yuan Net Loss in 2022

Beijing Sinnet Technology Co.,Ltd. (北京光环新网科技股份有限公司) (300383.SZ) reported a net loss of 1 billion yuan in 2022, reversing a net profit of 815.1 million yuan for the previous year.

Meanwhile, the company posted 7.2 billion yuan in revenue, down 6.6% year-on-year.

At the end of the reporting period, it had 19.3 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 34.5%.