Shandong New Beiyang Information Technology Co.,Ltd. Posted 31.5 Million Yuan Net Loss in First Quarter of 2023

Shandong New Beiyang Information Technology Co.,Ltd. (山东新北洋信息技术股份有限公司) (002376.SZ) reported a net loss of 31.5 million yuan in the first quarter of 2023, narrowing 4.6% year-on-year.

Meanwhile, the company posted 389.4 million yuan in revenue, up 5.4% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.