Shanghai Model Organisms Center,Inc. Posted 5.4 Million Yuan Net Loss in 2022

Shanghai Model Organisms Center,Inc. (上海南方模式生物科技股份有限公司) (688265.SH) reported a net loss of 5.4 million yuan in 2022, reversing a net profit of 60.9 million yuan for the previous year.

Meanwhile, the company posted 303 million yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 287.8 million yuan in total liabilities, with a liability-to-asset ratio of 14%.