Sinocelltech Group Limited Posted 153.3 Million Yuan Net Loss in First Quarter of 2023

Sinocelltech Group Limited (北京神州细胞生物技术集团股份公司) (688520.SH) reported a net loss of 153.3 million yuan in the first quarter of 2023, widening 6.8% year-on-year.

Meanwhile, the company posted 328.8 million yuan in revenue, up 111% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 113.5%.