Trust Alliance Information Development Inc.,Ltd.Shanghai Posted 26.1 Million Yuan Net Loss in First Quarter of 2023

Trust Alliance Information Development Inc.,Ltd.Shanghai (上海信联信息发展股份有限公司) (300469.SZ) reported a net loss of 26.1 million yuan in the first quarter of 2023, narrowing 13.5% year-on-year.

Meanwhile, the company posted 35.7 million yuan in revenue, up 50% year-on-year.

At the end of the reporting period, it had 842.8 million yuan in total assets and 599.7 million yuan in total liabilities, with a liability-to-asset ratio of 71.2%.