Shenzhen Dynanonic Co.,Ltd. Posted 908 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Dynanonic Co.,Ltd. (深圳市德方纳米科技股份有限公司) (300769.SZ) reported a net loss of 908 million yuan in the first quarter of 2023, reversing a net profit of 775.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.9 billion yuan in revenue, up 46.6% year-on-year.

At the end of the reporting period, it had 27.1 billion yuan in total assets and 17.3 billion yuan in total liabilities, with a liability-to-asset ratio of 63.7%.