Lakala Payment Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in 2022

Lakala Payment Co.,Ltd. (拉卡拉支付股份有限公司) (300773.SZ) reported a net loss of 1.4 billion yuan in 2022, reversing a net profit of 1.1 billion yuan for the previous year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 18.5% year-on-year.

At the end of the reporting period, it had 10.4 billion yuan in total assets and 7.1 billion yuan in total liabilities, with a liability-to-asset ratio of 67.9%.