Shenzhen Australis Electronic Technology Co.,Ltd. Posted 30.2 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Australis Electronic Technology Co.,Ltd. (深圳市南极光电子科技股份有限公司) (300940.SZ) reported a net loss of 30.2 million yuan in the first quarter of 2023, reversing a net profit of 11.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 94.3 million yuan in revenue, down 53.7% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 425.7 million yuan in total liabilities, with a liability-to-asset ratio of 35%.