Bizconf Telecom Co.,Ltd. Posted 2.3 Million Yuan Net Loss in First Quarter of 2023

Bizconf Telecom Co.,Ltd. (上海会畅通讯股份有限公司) (300578.SZ) reported a net loss of 2.3 million yuan in the first quarter of 2023, reversing a net profit of 12.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 133.9 million yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 294.1 million yuan in total liabilities, with a liability-to-asset ratio of 15%.