Synthesis Electronic Technology Co.,Ltd. Posted 1.5 Million Yuan Net Loss in First Quarter of 2023

Synthesis Electronic Technology Co.,Ltd. (神思电子技术股份有限公司) (300479.SZ) reported a net loss of 1.5 million yuan in the first quarter of 2023, narrowing 80.2% year-on-year.

Meanwhile, the company posted 96.2 million yuan in revenue, up 16.7% year-on-year.

At the end of the reporting period, it had 858.8 million yuan in total assets and 208.2 million yuan in total liabilities, with a liability-to-asset ratio of 24.2%.