Shanghai Model Organisms Center,Inc. Posted 14.2 Million Yuan Net Loss in First Quarter of 2023

Shanghai Model Organisms Center,Inc. (上海南方模式生物科技股份有限公司) (688265.SH) reported a net loss of 14.2 million yuan in the first quarter of 2023, reversing a net profit of 13.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 87.3 million yuan in revenue, up 20.1% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 296.9 million yuan in total liabilities, with a liability-to-asset ratio of 14.5%.