Yantai Longyuan Power Technology Co.,Ltd. Posted 6.2 Million Yuan Net Loss in First Quarter of 2023

Yantai Longyuan Power Technology Co.,Ltd. (烟台龙源电力技术股份有限公司) (300105.SZ) reported a net loss of 6.2 million yuan in the first quarter of 2023, narrowing 15.3% year-on-year.

Meanwhile, the company posted 61.5 million yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 772.7 million yuan in total liabilities, with a liability-to-asset ratio of 29%.