Yingtong Telecommunication Co.,Ltd. Posted 19.1 Million Yuan Net Loss in First Quarter of 2023

Yingtong Telecommunication Co.,Ltd. (瀛通通讯股份有限公司) (002861.SZ) reported a net loss of 19.1 million yuan in the first quarter of 2023, widening 77.3% year-on-year.

Meanwhile, the company posted 120.7 million yuan in revenue, down 34.1% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 706.4 million yuan in total liabilities, with a liability-to-asset ratio of 44%.