Suzhou Thvow Technology Co.,Ltd. Posted 286.8 Million Yuan Net Loss in First Quarter of 2023

Suzhou Thvow Technology Co.,Ltd. (苏州天沃科技股份有限公司) (002564.SZ) reported a net loss of 286.8 million yuan in the first quarter of 2023, reversing a net profit of 5 million yuan for the same period in the previous year.

Meanwhile, the company posted 877.7 million yuan in revenue, down 36.4% year-on-year.

At the end of the reporting period, it had 23.2 billion yuan in total assets and 25.7 billion yuan in total liabilities, with a liability-to-asset ratio of 110.5%.