Hc Semitek Corporation Posted 123.8 Million Yuan Net Loss in First Quarter of 2023

Hc Semitek Corporation (华灿光电股份有限公司) (300323.SZ) reported a net loss of 123.8 million yuan in the first quarter of 2023, reversing a net profit of 7.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 399.3 million yuan in revenue, down 41% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.