Xi'An Tianhe Defense Technology Co.,Ltd. Posted 26.3 Million Yuan Net Loss in First Quarter of 2023

Xi"An Tianhe Defense Technology Co.,Ltd. (西安天和防务技术股份有限公司) (300397.SZ) reported a net loss of 26.3 million yuan in the first quarter of 2023, widening 147.8% year-on-year.

Meanwhile, the company posted 80.8 million yuan in revenue, down 13.7% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 773 million yuan in total liabilities, with a liability-to-asset ratio of 30%.