Svg Tech Group Co.,Ltd. Posted 4 Million Yuan Net Loss in First Quarter of 2023

Svg Tech Group Co.,Ltd. (苏州苏大维格科技集团股份有限公司) (300331.SZ) reported a net loss of 4 million yuan in the first quarter of 2023, narrowing 84.9% year-on-year.

Meanwhile, the company posted 393.4 million yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 43.8%.