Everdisplay Optronics(Shanghai) Co.,Ltd. Posted 425.8 Million Yuan Net Loss in First Quarter of 2023

Everdisplay Optronics(Shanghai) Co.,Ltd. (上海和辉光电股份有限公司) (688538.SH) reported a net loss of 425.8 million yuan in the first quarter of 2023, widening 125.5% year-on-year.

Meanwhile, the company posted 846.8 million yuan in revenue, down 16.1% year-on-year.

At the end of the reporting period, it had 30.3 billion yuan in total assets and 14.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.2%.