Holitech Technology Co.,Ltd. Posted 434.8 Million Yuan Net Loss in First Quarter of 2023

Holitech Technology Co.,Ltd. (合力泰科技股份有限公司) (002217.SZ) reported a net loss of 434.8 million yuan in the first quarter of 2023, widening 147.5% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 45.9% year-on-year.

At the end of the reporting period, it had 21.5 billion yuan in total assets and 15.4 billion yuan in total liabilities, with a liability-to-asset ratio of 71.6%.