Strait Innovation Internet Co.,Ltd. Posted 18.6 Million Yuan Net Loss in First Quarter of 2023

Strait Innovation Internet Co.,Ltd. (海峡创新互联网股份有限公司) (300300.SZ) reported a net loss of 18.6 million yuan in the first quarter of 2023, narrowing 56.5% year-on-year.

Meanwhile, the company posted 21.9 million yuan in revenue, down 34.5% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 933.7 million yuan in total liabilities, with a liability-to-asset ratio of 72.7%.