Hangzhou Shunwang Technology Co.,Ltd. Posted 383.4 Million Yuan Net Loss in 2022

Hangzhou Shunwang Technology Co.,Ltd. (杭州顺网科技股份有限公司) (300113.SZ) reported a net loss of 383.4 million yuan in 2022, reversing a net profit of 82 million yuan for the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 1.6% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 357.8 million yuan in total liabilities, with a liability-to-asset ratio of 15.6%.