Guangzhou Wahlap Technology Corporation Limited Posted 71.2 Million Yuan Net Loss in 2022

Guangzhou Wahlap Technology Corporation Limited (广州华立科技股份有限公司) (301011.SZ) reported a net loss of 71.2 million yuan in 2022, reversing a net profit of 52.5 million yuan for the previous year.

Meanwhile, the company posted 604.8 million yuan in revenue, down 3.5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 528.6 million yuan in total liabilities, with a liability-to-asset ratio of 45.3%.