Guangdong Transtek Medical Electronics Co.,Ltd. Posted 12.3 Million Yuan Net Loss in First Quarter of 2023

Guangdong Transtek Medical Electronics Co.,Ltd. (广东乐心医疗电子股份有限公司) (300562.SZ) reported a net loss of 12.3 million yuan in the first quarter of 2023, reversing a net profit of 1.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 162.6 million yuan in revenue, down 37.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 465.2 million yuan in total liabilities, with a liability-to-asset ratio of 32.1%.