Chengzhi Co.,Ltd. Posted 29.3 Million Yuan Net Loss in First Quarter of 2023

Chengzhi Co.,Ltd. (诚志股份有限公司) (000990.SZ) reported a net loss of 29.3 million yuan in the first quarter of 2023, reversing a net profit of 176.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 0.2% year-on-year.

At the end of the reporting period, it had 24.5 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 24.7%.