Fujian Furi Electronics Co.,Ltd. Posted 74.8 Million Yuan Net Loss in First Quarter of 2023

Fujian Furi Electronics Co.,Ltd. (福建福日电子股份有限公司) (600203.SH) reported a net loss of 74.8 million yuan in the first quarter of 2023, reversing a net profit of 32.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 56% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 69.4%.