Kunshan Kersen Science&Technology Co.,Ltd. Posted 83.7 Million Yuan Net Loss in First Quarter of 2023

Kunshan Kersen Science&Technology Co.,Ltd. (昆山科森科技股份有限公司) (603626.SH) reported a net loss of 83.7 million yuan in the first quarter of 2023, reversing a net profit of 5.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 523.1 million yuan in revenue, down 43.2% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 41.9%.