Bright Oceans Inter-Telecom Corporation Posted 49.4 Million Yuan Net Loss in First Quarter of 2023

Bright Oceans Inter-Telecom Corporation (亿阳信通股份有限公司) (600289.SH) reported a net loss of 49.4 million yuan in the first quarter of 2023, narrowing 17.5% year-on-year.

Meanwhile, the company posted 48.2 million yuan in revenue, down 1.7% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 656.4 million yuan in total liabilities, with a liability-to-asset ratio of 32.2%.