Hangzhou Century Co.,Ltd. Posted 80.6 Million Yuan Net Loss in First Quarter of 2023

Hangzhou Century Co.,Ltd. (思创医惠科技股份有限公司) (300078.SZ) reported a net loss of 80.6 million yuan in the first quarter of 2023, reversing a net profit of 29.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 235.2 million yuan in revenue, down 39.1% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.