Infotmic Co.,Ltd. Posted 4.9 Million Yuan Net Loss in First Quarter of 2023

Infotmic Co.,Ltd. (盈方微电子股份有限公司) (000670.SZ) reported a net loss of 4.9 million yuan in the first quarter of 2023, reversing a net profit of 13.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 622.4 million yuan in revenue, down 20.9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 79.7%.