Ob Telecom Electronics Co.,Ltd. Posted 525,510 Yuan Net Loss in First Quarter of 2023

Ob Telecom Electronics Co.,Ltd. (杭州中威电子股份有限公司) (300270.SZ) reported a net loss of 525,510 yuan in the first quarter of 2023, narrowing 14.9% year-on-year.

Meanwhile, the company posted 34.2 million yuan in revenue, up 64% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 303.8 million yuan in total liabilities, with a liability-to-asset ratio of 28.6%.