Phenix Optics Company Limited Posted 24.5 Million Yuan Net Loss in First Quarter of 2023

Phenix Optics Company Limited (凤凰光学股份有限公司) (600071.SH) reported a net loss of 24.5 million yuan in the first quarter of 2023, widening 61.4% year-on-year.

Meanwhile, the company posted 363.3 million yuan in revenue, down 6.9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 70.5%.