Shanghai Feilo Acoustics Co.,Ltd. Posted 17.3 Million Yuan Net Loss in First Quarter of 2023

Shanghai Feilo Acoustics Co.,Ltd. (上海飞乐音响股份有限公司) (600651.SH) reported a net loss of 17.3 million yuan in the first quarter of 2023, narrowing 72.6% year-on-year.

Meanwhile, the company posted 406.1 million yuan in revenue, down 64.3% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 43.6%.