Guangdong Chaohua Technology Co.,Ltd. Posted 338.3 Million Yuan Net Loss in 2022

Guangdong Chaohua Technology Co.,Ltd. (广东超华科技股份有限公司) (002288.SZ) reported a net loss of 338.3 million yuan in 2022, reversing a net profit of 71.2 million yuan for the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 30.1% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 56.5%.