Focused Photonics(Hangzhou) Inc. Posted 102.5 Million Yuan Net Loss in First Quarter of 2023

Focused Photonics(Hangzhou) Inc. (聚光科技(杭州)股份有限公司) (300203.SZ) reported a net loss of 102.5 million yuan in the first quarter of 2023, widening 31.5% year-on-year.

Meanwhile, the company posted 519.5 million yuan in revenue, up 3.4% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 66.8%.