Beijing Hezong Science&Technology Co.,Ltd. Posted 20.6 Million Yuan Net Loss in First Quarter of 2023

Beijing Hezong Science&Technology Co.,Ltd. (北京合纵科技股份有限公司) (300477.SZ) reported a net loss of 20.6 million yuan in the first quarter of 2023, reversing a net profit of 91.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 501.4 million yuan in revenue, down 28.2% year-on-year.

At the end of the reporting period, it had 7.6 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56.9%.