Boe Technology Group Co.,Ltd. Posted 1.2 Billion Yuan Net Loss in First Quarter of 2023

Boe Technology Group Co.,Ltd. (京东方科技集团股份有限公司) (000725.SZ) reported a net loss of 1.2 billion yuan in the first quarter of 2023, reversing a net profit of 3.2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 38 billion yuan in revenue, down 24.8% year-on-year.

At the end of the reporting period, it had 412.4 billion yuan in total assets and 215.5 billion yuan in total liabilities, with a liability-to-asset ratio of 52.3%.