Routon Electronic Co.,Ltd. Posted 12 Million Yuan Net Loss in First Quarter of 2023

Routon Electronic Co.,Ltd. (精伦电子股份有限公司) (600355.SH) reported a net loss of 12 million yuan in the first quarter of 2023, widening 59.8% year-on-year.

Meanwhile, the company posted 26.4 million yuan in revenue, down 41.9% year-on-year.

At the end of the reporting period, it had 317.5 million yuan in total assets and 112.8 million yuan in total liabilities, with a liability-to-asset ratio of 35.5%.