Allwin Telecommunication Co.,Ltd. Posted 53.2 Million Yuan Net Loss in 2022

Allwin Telecommunication Co.,Ltd. (奥维通信股份有限公司) (002231.SZ) reported a net loss of 53.2 million yuan in 2022, reversing a net profit of 23.3 million yuan for the previous year.

Meanwhile, the company posted 190.6 million yuan in revenue, down 66% year-on-year.

At the end of the reporting period, it had 580.1 million yuan in total assets and 230.2 million yuan in total liabilities, with a liability-to-asset ratio of 39.7%.