Shenzhen Kiwi Instruments Co.,Ltd. Posted 5.3 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Kiwi Instruments Co.,Ltd. (深圳市必易微电子股份有限公司) (688045.SH) reported a net loss of 5.3 million yuan in the first quarter of 2023, reversing a net profit of 28.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 132.3 million yuan in revenue, down 21.2% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 117.5 million yuan in total liabilities, with a liability-to-asset ratio of 8%.