Asiainfo Security Technologies Co.,Ltd. Posted 97.3 Million Yuan Net Loss in First Quarter of 2023

Asiainfo Security Technologies Co.,Ltd. (亚信安全科技股份有限公司) (688225.SH) reported a net loss of 97.3 million yuan in the first quarter of 2023, widening 27.8% year-on-year.

Meanwhile, the company posted 236.2 million yuan in revenue, down 17% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 921.4 million yuan in total liabilities, with a liability-to-asset ratio of 26.5%.