Dbappsecurity Co.,Ltd. Posted 192.9 Million Yuan Net Loss in First Quarter of 2023

Dbappsecurity Co.,Ltd. (杭州安恒信息技术股份有限公司) (688023.SH) reported a net loss of 192.9 million yuan in the first quarter of 2023, widening 1.8% year-on-year.

Meanwhile, the company posted 336.2 million yuan in revenue, up 44% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.