China Greatwall Technology Group Co.,Ltd. Posted 298.1 Million Yuan Net Loss in First Quarter of 2023

China Greatwall Technology Group Co.,Ltd. (中国长城科技集团股份有限公司) (000066.SZ) reported a net loss of 298.1 million yuan in the first quarter of 2023, widening 176.8% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 22.3% year-on-year.

At the end of the reporting period, it had 32.5 billion yuan in total assets and 17.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.2%.