Brilliance Technology Co.,Ltd. Posted 6.4 Million Yuan Net Loss in First Quarter of 2023

Brilliance Technology Co.,Ltd. (新晨科技股份有限公司) (300542.SZ) reported a net loss of 6.4 million yuan in the first quarter of 2023, widening 7.8% year-on-year.

Meanwhile, the company posted 163 million yuan in revenue, down 37.4% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 705.6 million yuan in total liabilities, with a liability-to-asset ratio of 52.8%.