Dbappsecurity Co.,Ltd. Posted 253.2 Million Yuan Net Loss in 2022

Dbappsecurity Co.,Ltd. (杭州安恒信息技术股份有限公司) (688023.SH) reported a net loss of 253.2 million yuan in 2022, reversing a net profit of 11.2 million yuan for the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, up 8.8% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 41.7%.