Hillstone Networks Co.,Ltd. Posted 184 Million Yuan Net Loss in 2022

Hillstone Networks Co.,Ltd. (山石网科通信技术股份有限公司) (688030.SH) reported a net loss of 184 million yuan in 2022, reversing a net profit of 74.8 million yuan for the previous year.

Meanwhile, the company posted 811.6 million yuan in revenue, down 21% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 795.4 million yuan in total liabilities, with a liability-to-asset ratio of 37.6%.