Shenzhen Auto Electric Power Plant Co.,Ltd. Posted 11.9 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Auto Electric Power Plant Co.,Ltd. (深圳奥特迅电力设备股份有限公司) (002227.SZ) reported a net loss of 11.9 million yuan in the first quarter of 2023, widening 33.3% year-on-year.

Meanwhile, the company posted 67.8 million yuan in revenue, up 54.6% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 452.7 million yuan in total liabilities, with a liability-to-asset ratio of 29.4%.