Hangzhou Hopechart Iot Technology Co.,Ltd. Posted 109.3 Million Yuan Net Loss in 2022

Hangzhou Hopechart Iot Technology Co.,Ltd. (杭州鸿泉物联网技术股份有限公司) (688288.SH) reported a net loss of 109.3 million yuan in 2022, reversing a net profit of 26.5 million yuan for the previous year.

Meanwhile, the company posted 239.7 million yuan in revenue, down 40.9% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 178.1 million yuan in total liabilities, with a liability-to-asset ratio of 18.1%.