Suzhou Harmontronics Automation Technology Co.,Ltd. Posted 46.4 Million Yuan Net Loss in First Quarter of 2023

Suzhou Harmontronics Automation Technology Co.,Ltd. (苏州瀚川智能科技股份有限公司) (688022.SH) reported a net loss of 46.4 million yuan in the first quarter of 2023, reversing a net profit of 642,085 yuan for the same period in the previous year.

Meanwhile, the company posted 181.9 million yuan in revenue, up 83.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 54.6%.