Piesat Information Technology Co.,Ltd. Posted 89.1 Million Yuan Net Loss in First Quarter of 2023

Piesat Information Technology Co.,Ltd. (航天宏图信息技术股份有限公司) (688066.SH) reported a net loss of 89.1 million yuan in the first quarter of 2023, widening 79.6% year-on-year.

Meanwhile, the company posted 275 million yuan in revenue, up 40.8% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 54.3%.