Shenzhen Hongtao Group Co.,Ltd. Posted 122 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Hongtao Group Co.,Ltd. (深圳洪涛集团股份有限公司) (002325.SZ) reported a net loss of 122 million yuan in the first quarter of 2023, widening 43.7% year-on-year.

Meanwhile, the company posted 153.5 million yuan in revenue, down 66.4% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.