Shaanxi Fenghuo Electronics Co.,Ltd. Posted 23.9 Million Yuan Net Loss in First Quarter of 2023

Shaanxi Fenghuo Electronics Co.,Ltd. (陕西烽火电子股份有限公司) (000561.SZ) reported a net loss of 23.9 million yuan in the first quarter of 2023, narrowing 47.2% year-on-year.

Meanwhile, the company posted 240.6 million yuan in revenue, up 51.1% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.