Guangzhou Fangbang Electronics Co.,Ltd. Posted 64.8 Million Yuan Net Loss in 2022

Guangzhou Fangbang Electronics Co.,Ltd. (广州方邦电子股份有限公司) (688020.SH) reported a net loss of 64.8 million yuan in 2022, reversing a net profit of 38.7 million yuan for the previous year.

Meanwhile, the company posted 312.6 million yuan in revenue, up 6.9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 407.7 million yuan in total liabilities, with a liability-to-asset ratio of 20.7%.