Xinjiang Sailing Information Technology Co.,Ltd. Posted 2.5 Million Yuan Net Loss in First Quarter of 2023

Xinjiang Sailing Information Technology Co.,Ltd. (新疆熙菱信息技术股份有限公司) (300588.SZ) reported a net loss of 2.5 million yuan in the first quarter of 2023, narrowing 83.9% year-on-year.

Meanwhile, the company posted 33.6 million yuan in revenue, up 98.6% year-on-year.

At the end of the reporting period, it had 846.4 million yuan in total assets and 428.8 million yuan in total liabilities, with a liability-to-asset ratio of 50.7%.