Qingcloud Technologies Corp. Posted 46.3 Million Yuan Net Loss in First Quarter of 2023

Qingcloud Technologies Corp. (北京青云科技股份有限公司) (688316.SH) reported a net loss of 46.3 million yuan in the first quarter of 2023, narrowing 36.4% year-on-year.

Meanwhile, the company posted 68.5 million yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 554.1 million yuan in total assets and 268.3 million yuan in total liabilities, with a liability-to-asset ratio of 48.4%.