Lianchuang Electronic Technology Co.,Ltd. Posted 192.1 Million Yuan Net Loss in First Quarter of 2023

Lianchuang Electronic Technology Co.,Ltd. (联创电子科技股份有限公司) (002036.SZ) reported a net loss of 192.1 million yuan in the first quarter of 2023, reversing a net profit of 37.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 15.6 billion yuan in total assets and 11.1 billion yuan in total liabilities, with a liability-to-asset ratio of 71.6%.