Guangzhou Fangbang Electronics Co.,Ltd. Posted 21.1 Million Yuan Net Loss in First Quarter of 2023

Guangzhou Fangbang Electronics Co.,Ltd. (广州方邦电子股份有限公司) (688020.SH) reported a net loss of 21.1 million yuan in the first quarter of 2023, widening 83.3% year-on-year.

Meanwhile, the company posted 76.2 million yuan in revenue, down 20.7% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 415.5 million yuan in total liabilities, with a liability-to-asset ratio of 21.2%.