Transwarp Technology(Shanghai) Co.,Ltd. Posted 85.6 Million Yuan Net Loss in First Quarter of 2023

Transwarp Technology(Shanghai) Co.,Ltd. (星环信息科技(上海)股份有限公司) (688031.SH) reported a net loss of 85.6 million yuan in the first quarter of 2023, narrowing 2.4% year-on-year.

Meanwhile, the company posted 43 million yuan in revenue, up 76.4% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 200.5 million yuan in total liabilities, with a liability-to-asset ratio of 11%.