Datang Telecom Technology Co.,Ltd. Posted 77.7 Million Yuan Net Loss in First Quarter of 2023

Datang Telecom Technology Co.,Ltd. (大唐电信科技股份有限公司) (600198.SH) reported a net loss of 77.7 million yuan in the first quarter of 2023, widening 102.2% year-on-year.

Meanwhile, the company posted 86.8 million yuan in revenue, down 41.7% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 48.2%.