According to the Zhitong Finance App, Hongquan Internet of Things (688288.SH) released its 2022 annual performance report. During the reporting period, the company achieved operating income of 245 million yuan, a year-on-year decrease of 39.68%. Net loss attributable to owners of the parent company was 107 million yuan. The year-on-year change from profit to loss was 108 million yuan after deducting non-recurring profit and loss, a year-on-year change from profit to loss.

During the reporting period, the company's front-loading business was affected by factors such as a slowdown in macroeconomic growth, a decline in heavy truck sales, a shift in financial investment direction, and a slowdown in the pace of policy promotion, and operating income declined significantly.