Sangfor Technologies Inc. Posted 412 Million Yuan Net Loss in First Quarter of 2023

Sangfor Technologies Inc. (深信服科技股份有限公司) (300454.SZ) reported a net loss of 412 million yuan in the first quarter of 2023, narrowing 20.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 11.5 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 32.5%.