Bright Power Semiconductor Co.,Ltd. Posted 60 Million Yuan Net Loss in First Quarter of 2023

Bright Power Semiconductor Co.,Ltd. (上海晶丰明源半导体股份有限公司) (688368.SH) reported a net loss of 60 million yuan in the first quarter of 2023, widening 422.8% year-on-year.

Meanwhile, the company posted 265.1 million yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 40.2%.