According to the Zhitong Finance App, Ruiyuan Intelligent Control (08249) announced results for the 3 months ending March 31, 2023. The group obtained revenue of RMB 6.815 million (same unit below), a decrease of 19.59% over the previous year; a loss of RMB 2.125 million during the period, an increase of 18.91% over the previous year; and a loss of 0.43 points per share.

According to the announcement, the reason for the increase in losses was the increase in financing costs, which increased by 332,000 yuan over the same period last year.