Shanghai Rychen Technologies Co.,Ltd. Posted 3.3 Million Yuan Net Loss in First Quarter of 2023

Shanghai Rychen Technologies Co.,Ltd. (上海瑞晨环保科技股份有限公司) (301273.SZ) reported a net loss of 3.3 million yuan in the first quarter of 2023, narrowing 70.1% year-on-year.

Meanwhile, the company posted 31.1 million yuan in revenue, up 72.7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 294.2 million yuan in total liabilities, with a liability-to-asset ratio of 23%.