Fujian Fynex Textile Science&Technology Co.,Ltd. Posted 5.9 Million Yuan Net Loss in First Quarter of 2023

Fujian Fynex Textile Science&Technology Co.,Ltd. (福建凤竹纺织科技股份有限公司) (600493.SH) reported a net loss of 5.9 million yuan in the first quarter of 2023, reversing a net profit of 4.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 214.2 million yuan in revenue, down 19% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.