Huizhou China Eagle Electronic Technology Co.,Ltd. Posted 62.1 Million Yuan Net Loss in First Quarter of 2023

Huizhou China Eagle Electronic Technology Co.,Ltd. (惠州中京电子科技股份有限公司) (002579.SZ) reported a net loss of 62.1 million yuan in the first quarter of 2023, reversing a net profit of 5.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 607.8 million yuan in revenue, down 16% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 60.1%.