Jiangsu Gian Technology Co.,Ltd. Posted 44.8 Million Yuan Net Loss in First Quarter of 2023

Jiangsu Gian Technology Co.,Ltd. (江苏精研科技股份有限公司) (300709.SZ) reported a net loss of 44.8 million yuan in the first quarter of 2023, reversing a net profit of 18.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 301.6 million yuan in revenue, down 31.2% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.