Hunan Zhenghong Science And Technology Develop Co.,Ltd. Posted 43.1 Million Yuan Net Loss in First Quarter of 2023

Hunan Zhenghong Science And Technology Develop Co.,Ltd. (湖南正虹科技发展股份有限公司) (000702.SZ) reported a net loss of 43.1 million yuan in the first quarter of 2023, narrowing 30.3% year-on-year.

Meanwhile, the company posted 288.7 million yuan in revenue, up 31.4% year-on-year.

At the end of the reporting period, it had 770.5 million yuan in total assets and 694.2 million yuan in total liabilities, with a liability-to-asset ratio of 90.1%.