Guangdong Chaohua Technology Co.,Ltd. Posted 20.5 Million Yuan Net Loss in First Quarter of 2023

Guangdong Chaohua Technology Co.,Ltd. (广东超华科技股份有限公司) (002288.SZ) reported a net loss of 20.5 million yuan in the first quarter of 2023, reversing a net profit of 27.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 234.1 million yuan in revenue, down 58.4% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.1%.