Shenzhen Fluence Technology Plc. Posted 32.4 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Fluence Technology Plc. (深圳市超频三科技股份有限公司) (300647.SZ) reported a net loss of 32.4 million yuan in the first quarter of 2023, reversing a net profit of 35.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 144.7 million yuan in revenue, down 56.7% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.3%.