Shenzhen Deren Electronic Co.,Ltd. Posted 47 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Deren Electronic Co.,Ltd. (深圳市得润电子股份有限公司) (002055.SZ) reported a net loss of 47 million yuan in the first quarter of 2023, reversing a net profit of 15.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 2.7% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 64.9%.