Solareast Holdings Co.,Ltd. Posted 12.8 Million Yuan Net Loss in First Quarter of 2023

Solareast Holdings Co.,Ltd. (日出东方控股股份有限公司) (603366.SH) reported a net loss of 12.8 million yuan in the first quarter of 2023, narrowing 79.4% year-on-year.

Meanwhile, the company posted 872.2 million yuan in revenue, up 35.5% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 40.3%.