Appotronics Corporation Limited Posted 1.3 Million Yuan Net Loss in First Quarter of 2023

Appotronics Corporation Limited (深圳光峰科技股份有限公司) (688007.SH) reported a net loss of 1.3 million yuan in the first quarter of 2023, reversing a net profit of 7.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 459 million yuan in revenue, down 12.6% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 36.8%.