Elefirst Science&Tech Co.,Ltd. Posted 37.9 Million Yuan Net Loss in First Quarter of 2023

Elefirst Science&Tech Co.,Ltd. (光一科技股份有限公司) (300356.SZ) reported a net loss of 37.9 million yuan in the first quarter of 2023, widening 18.1% year-on-year.

Meanwhile, the company posted 23.1 million yuan in revenue, down 59% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 70.2%.