Shenzhen Maxonic Automation Control Co.,Ltd. Posted 2.6 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Maxonic Automation Control Co.,Ltd. (深圳万讯自控股份有限公司) (300112.SZ) reported a net loss of 2.6 million yuan in the first quarter of 2023, reversing a net profit of 9.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 202 million yuan in revenue, up 2.3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 473.2 million yuan in total liabilities, with a liability-to-asset ratio of 27.1%.