Sunsea Aiot Technology Co.,Ltd. Posted 72.7 Million Yuan Net Loss in First Quarter of 2023

Sunsea Aiot Technology Co.,Ltd. (日海智能科技股份有限公司) (002313.SZ) reported a net loss of 72.7 million yuan in the first quarter of 2023, widening 46.7% year-on-year.

Meanwhile, the company posted 634.7 million yuan in revenue, down 26.3% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 87%.