Hangzhou Lianluo Interactive Information Technology Co.,Ltd. Posted 206.1 Million Yuan Net Loss in First Quarter of 2023

Hangzhou Lianluo Interactive Information Technology Co.,Ltd. (杭州联络互动信息科技股份有限公司) (002280.SZ) reported a net loss of 206.1 million yuan in the first quarter of 2023, narrowing 36.6% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 16.1% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 87.9%.