Suzhou Thvow Technology Co.,Ltd. Posted 4.4 Billion Yuan Net Loss in 2022

Suzhou Thvow Technology Co.,Ltd. (苏州天沃科技股份有限公司) (002564.SZ) reported a net loss of 4.4 billion yuan in 2022, widening 432.9% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, down 47.2% year-on-year.

At the end of the reporting period, it had 23.8 billion yuan in total assets and 26 billion yuan in total liabilities, with a liability-to-asset ratio of 109.1%.