Nationz Technologies Co.,Ltd. Posted 88.2 Million Yuan Net Loss in First Quarter of 2023

Nationz Technologies Co.,Ltd. (国民技术股份有限公司) (300077.SZ) reported a net loss of 88.2 million yuan in the first quarter of 2023, reversing a net profit of 29.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 216.5 million yuan in revenue, down 36.3% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.2%.