Shenzhen Clou Electronics Co.,Ltd. Posted 53.7 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Clou Electronics Co.,Ltd. (深圳市科陆电子科技股份有限公司) (002121.SZ) reported a net loss of 53.7 million yuan in the first quarter of 2023, narrowing 6.6% year-on-year.

Meanwhile, the company posted 638.6 million yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 92.4%.