Guangdong Dowstone Technology Co.,Ltd. Posted 36.3 Million Yuan Net Loss in First Quarter of 2023

Guangdong Dowstone Technology Co.,Ltd. (广东道氏技术股份有限公司) (300409.SZ) reported a net loss of 36.3 million yuan in the first quarter of 2023, reversing a net profit of 173 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.