Guangdong Faith Long Crystal Technology Co.,Ltd. Posted 41.3 Million Yuan Net Loss in First Quarter of 2023

Guangdong Faith Long Crystal Technology Co.,Ltd. (广东惠伦晶体科技股份有限公司) (300460.SZ) reported a net loss of 41.3 million yuan in the first quarter of 2023, reversing a net profit of 5.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 59 million yuan in revenue, down 51.6% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 944.1 million yuan in total liabilities, with a liability-to-asset ratio of 48.3%.