Raisecom Technology Co.,Ltd. Posted 27.5 Million Yuan Net Loss in First Quarter of 2023

Raisecom Technology Co.,Ltd. (瑞斯康达科技发展股份有限公司) (603803.SH) reported a net loss of 27.5 million yuan in the first quarter of 2023, reversing a net profit of 28.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 309.9 million yuan in revenue, down 28% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 40.2%.