Focus Lightings Tech Co.,Ltd. Posted 7.6 Million Yuan Net Loss in First Quarter of 2023

Focus Lightings Tech Co.,Ltd. (聚灿光电科技股份有限公司) (300708.SZ) reported a net loss of 7.6 million yuan in the first quarter of 2023, reversing a net profit of 24.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 543.2 million yuan in revenue, up 12.9% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 55.4%.