Shenzhen Zowee Technology Co.,Ltd. Posted 58.8 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Zowee Technology Co.,Ltd. (深圳市卓翼科技股份有限公司) (002369.SZ) reported a net loss of 58.8 million yuan in the first quarter of 2023, widening 16.8% year-on-year.

Meanwhile, the company posted 445.2 million yuan in revenue, up 1.6% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 67%.