Inventronics(Hangzhou) Inc. Posted 14.9 Million Yuan Net Loss in First Quarter of 2023

Inventronics(Hangzhou) Inc. (英飞特电子(杭州)股份有限公司) (300582.SZ) reported a net loss of 14.9 million yuan in the first quarter of 2023, reversing a net profit of 19 million yuan for the same period in the previous year.

Meanwhile, the company posted 270.3 million yuan in revenue, down 16.9% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.6%.