Guangdong Lyric Robot Automation Co.,Ltd. Posted 66.9 Million Yuan Net Loss in First Quarter of 2023

Guangdong Lyric Robot Automation Co.,Ltd. (广东利元亨智能装备股份有限公司) (688499.SH) reported a net loss of 66.9 million yuan in the first quarter of 2023, reversing a net profit of 79.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 57.4% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 74%.