Feitian Technologies Co.,Ltd. Posted 35.9 Million Yuan Net Loss in First Quarter of 2023

Feitian Technologies Co.,Ltd. (飞天诚信科技股份有限公司) (300386.SZ) reported a net loss of 35.9 million yuan in the first quarter of 2023, widening 461.5% year-on-year.

Meanwhile, the company posted 148.7 million yuan in revenue, down 10.8% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 156.1 million yuan in total liabilities, with a liability-to-asset ratio of 8.5%.