Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. Posted 6.2 Million Yuan Net Loss in First Quarter of 2023

Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. (杭州华星创业通信技术股份有限公司) (300025.SZ) reported a net loss of 6.2 million yuan in the first quarter of 2023, widening 245.9% year-on-year.

Meanwhile, the company posted 153.4 million yuan in revenue, up 5.6% year-on-year.

At the end of the reporting period, it had 945.2 million yuan in total assets and 273.5 million yuan in total liabilities, with a liability-to-asset ratio of 28.9%.