Hangzhou Hopechart Iot Technology Co.,Ltd. Posted 11.1 Million Yuan Net Loss in First Quarter of 2023

Hangzhou Hopechart Iot Technology Co.,Ltd. (杭州鸿泉物联网技术股份有限公司) (688288.SH) reported a net loss of 11.1 million yuan in the first quarter of 2023, narrowing 30.6% year-on-year.

Meanwhile, the company posted 85 million yuan in revenue, up 23.1% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 195 million yuan in total liabilities, with a liability-to-asset ratio of 19.6%.