Bluedon Information Security Technologies Co.,Ltd. Posted 242.5 Million Yuan Net Loss in First Quarter of 2023

Bluedon Information Security Technologies Co.,Ltd. (蓝盾信息安全技术股份有限公司) (300297.SZ) reported a net loss of 242.5 million yuan in the first quarter of 2023, narrowing 13.7% year-on-year.

Meanwhile, the company posted 13.4 million yuan in revenue, down 71.8% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 119%.