Huizhou Speed Wireless Technology Co.,Ltd. Posted 25.2 Million Yuan Net Loss in First Quarter of 2023

Huizhou Speed Wireless Technology Co.,Ltd. (惠州硕贝德无线科技股份有限公司) (300322.SZ) reported a net loss of 25.2 million yuan in the first quarter of 2023, reversing a net profit of 4.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 350.1 million yuan in revenue, down 10.8% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.