Visionox Technology Inc. Posted 928 Million Yuan Net Loss in First Quarter of 2023

Visionox Technology Inc. (维信诺科技股份有限公司) (002387.SZ) reported a net loss of 928 million yuan in the first quarter of 2023, widening 32.7% year-on-year.

Meanwhile, the company posted 768.9 million yuan in revenue, down 48.4% year-on-year.

At the end of the reporting period, it had 38.8 billion yuan in total assets and 24.5 billion yuan in total liabilities, with a liability-to-asset ratio of 63.2%.