Beijing Haitian Ruisheng Science Technology Ltd. Posted 13.6 Million Yuan Net Loss in First Quarter of 2023

Beijing Haitian Ruisheng Science Technology Ltd. (北京海天瑞声科技股份有限公司) (688787.SH) reported a net loss of 13.6 million yuan in the first quarter of 2023, reversing a net profit of 9.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 28.8 million yuan in revenue, down 39.8% year-on-year.

At the end of the reporting period, it had 846.1 million yuan in total assets and 30.3 million yuan in total liabilities, with a liability-to-asset ratio of 3.6%.