Jiang Su Hua Sheng Tian Long Photoelectric Equipment Co.,Ltd. Posted 9.1 Million Yuan Net Loss in First Quarter of 2023

Jiang Su Hua Sheng Tian Long Photoelectric Equipment Co.,Ltd. (江苏华盛天龙光电设备股份有限公司) (300029.SZ) reported a net loss of 9.1 million yuan in the first quarter of 2023, reversing a net profit of 32.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 23.3 million yuan in revenue, up 149.8% year-on-year.

At the end of the reporting period, it had 233.8 million yuan in total assets and 213.1 million yuan in total liabilities, with a liability-to-asset ratio of 91.1%.