Shandong New Beiyang Information Technology Co.,Ltd. Posted 1.6 Million Yuan Net Loss in 2022

Shandong New Beiyang Information Technology Co.,Ltd. (山东新北洋信息技术股份有限公司) (002376.SZ) reported a net loss of 1.6 million yuan in 2022, reversing a net profit of 180.6 million yuan for the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 39%.