Chinese Churinga Posted 119.9 Million Yuan Net Loss in 2022

Chinese Churinga (杭州初灵信息技术股份有限公司) (300250.SZ) reported a net loss of 119.9 million yuan in 2022, reversing a net profit of 78.1 million yuan for the previous year.

Meanwhile, the company posted 360.5 million yuan in revenue, down 26% year-on-year.

At the end of the reporting period, it had 782.7 million yuan in total assets and 210 million yuan in total liabilities, with a liability-to-asset ratio of 26.8%.