Longshine Technology Group Co.,Ltd. Posted 7.1 Million Yuan Net Loss in First Quarter of 2023

Longshine Technology Group Co.,Ltd. (朗新科技集团股份有限公司) (300682.SZ) reported a net loss of 7.1 million yuan in the first quarter of 2023, reversing a net profit of 23.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 652.7 million yuan in revenue, down 22.3% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 25.2%.