Beijing Topnew Info&Tech Co.,Ltd. Posted 4.1 Million Yuan Net Loss in First Quarter of 2023

Beijing Topnew Info&Tech Co.,Ltd. (北京铜牛信息科技股份有限公司) (300895.SZ) reported a net loss of 4.1 million yuan in the first quarter of 2023, reversing a net profit of 8.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 65.8 million yuan in revenue, down 44.5% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 134.7 million yuan in total liabilities, with a liability-to-asset ratio of 10.7%.