Smartsens Technology(Shanghai) Co.,Ltd. Posted 25.7 Million Yuan Net Loss in First Quarter of 2023

Smartsens Technology(Shanghai) Co.,Ltd. (思特威(上海)电子科技股份有限公司) (688213.SH) reported a net loss of 25.7 million yuan in the first quarter of 2023, reversing a net profit of 14.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 454.3 million yuan in revenue, up 3.8% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 35.5%.