Harbin Xinguang Optic-Electronics Technology Co.,Ltd. Posted 7.2 Million Yuan Net Loss in First Quarter of 2023

Harbin Xinguang Optic-Electronics Technology Co.,Ltd. (哈尔滨新光光电科技股份有限公司) (688011.SH) reported a net loss of 7.2 million yuan in the first quarter of 2023, narrowing 23% year-on-year.

Meanwhile, the company posted 28.1 million yuan in revenue, up 103.7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 162.2 million yuan in total liabilities, with a liability-to-asset ratio of 12.1%.