Sinocelltech Group Limited Posted 520.1 Million Yuan Net Loss in 2022

Sinocelltech Group Limited (北京神州细胞生物技术集团股份公司) (688520.SH) reported a net loss of 520.1 million yuan in 2022, narrowing 40.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 661.3% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 108.9%.