Bestechnic(Shanghai) Co.,Ltd. Posted 761,661 Yuan Net Loss in First Quarter of 2023

Bestechnic(Shanghai) Co.,Ltd. (恒玄科技(上海)股份有限公司) (688608.SH) reported a net loss of 761,661 yuan in the first quarter of 2023, reversing a net profit of 22.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 383.6 million yuan in revenue, up 33.6% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 244.4 million yuan in total liabilities, with a liability-to-asset ratio of 3.9%.