Gi Technologies Group Co.,Ltd. Posted 85.7 Million Yuan Net Loss in First Quarter of 2023

Gi Technologies Group Co.,Ltd. (吉艾科技集团股份公司) (300309.SZ) reported a net loss of 85.7 million yuan in the first quarter of 2023, narrowing 24.4% year-on-year.

Meanwhile, the company posted 515,094 yuan in revenue, down 72% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 252.2%.