Shenzhen Infinova Limited Posted 48.7 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Infinova Limited (深圳英飞拓科技股份有限公司) (002528.SZ) reported a net loss of 48.7 million yuan in the first quarter of 2023, narrowing 45.1% year-on-year.

Meanwhile, the company posted 339.4 million yuan in revenue, down 7.5% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 72.6%.