Beijing Bdstar Navigation Co.,Ltd. Posted 6.2 Million Yuan Net Loss in First Quarter of 2023

Beijing Bdstar Navigation Co.,Ltd. (北京北斗星通导航技术股份有限公司) (002151.SZ) reported a net loss of 6.2 million yuan in the first quarter of 2023, reversing a net profit of 30.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 30.2% year-on-year.

At the end of the reporting period, it had 7.6 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.5%.