Avit Ltd. Posted 12.6 Million Yuan Net Loss in First Quarter of 2023

Avit Ltd. (深圳市佳创视讯技术股份有限公司) (300264.SZ) reported a net loss of 12.6 million yuan in the first quarter of 2023, narrowing 1.1% year-on-year.

Meanwhile, the company posted 35.7 million yuan in revenue, up 68.4% year-on-year.

At the end of the reporting period, it had 367.6 million yuan in total assets and 218.1 million yuan in total liabilities, with a liability-to-asset ratio of 59.3%.