Beijing Watertek Information Technology Co.,Ltd. Posted 38.9 Million Yuan Net Loss in First Quarter of 2023

Beijing Watertek Information Technology Co.,Ltd. (北京旋极信息技术股份有限公司) (300324.SZ) reported a net loss of 38.9 million yuan in the first quarter of 2023, narrowing 8.5% year-on-year.

Meanwhile, the company posted 559.3 million yuan in revenue, up 12.1% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.