Hytera Communications Corporation Limited Posted 61.3 Million Yuan Net Loss in First Quarter of 2023

Hytera Communications Corporation Limited (海能达通信股份有限公司) (002583.SZ) reported a net loss of 61.3 million yuan in the first quarter of 2023, narrowing 16.6% year-on-year.

Meanwhile, the company posted 857 million yuan in revenue, down 18.2% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 46.1%.