Guangzhou Hi-Target Navigation Tech Co.,Ltd. Posted 153.1 Million Yuan Net Loss in 2022

Guangzhou Hi-Target Navigation Tech Co.,Ltd. (广州中海达卫星导航技术股份有限公司) (300177.SZ) reported a net loss of 153.1 million yuan in 2022, reversing a net profit of 59.8 million yuan for the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 26.6% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.4%.