New Universal Science And Technology Co.,Ltd. Posted 15.4 Million Yuan Net Loss in First Quarter of 2023

New Universal Science And Technology Co.,Ltd. (万向新元科技股份有限公司) (300472.SZ) reported a net loss of 15.4 million yuan in the first quarter of 2023, reversing a net profit of 40 million yuan for the same period in the previous year.

Meanwhile, the company posted 59.3 million yuan in revenue, down 75.6% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 927.7 million yuan in total liabilities, with a liability-to-asset ratio of 54.3%.