360 Security Technology Inc. Posted 189.3 Million Yuan Net Loss in First Quarter of 2023

360 Security Technology Inc. (三六零安全科技股份有限公司) (601360.SH) reported a net loss of 189.3 million yuan in the first quarter of 2023, reversing a net profit of 215 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, down 22.2% year-on-year.

At the end of the reporting period, it had 38.9 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 18.8%.