Global Top E-Commerce Co.,Ltd. Posted 94,122 Yuan Net Loss in First Quarter of 2023

Global Top E-Commerce Co.,Ltd. (跨境通宝电子商务股份有限公司) (002640.SZ) reported a net loss of 94,122 yuan in the first quarter of 2023, narrowing 99.2% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 63.6%.