Zhejiang Huazheng New Material Co.,Ltd. Posted 7.9 Million Yuan Net Loss in First Quarter of 2023

Zhejiang Huazheng New Material Co.,Ltd. (浙江华正新材料股份有限公司) (603186.SH) reported a net loss of 7.9 million yuan in the first quarter of 2023, reversing a net profit of 31.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 757.9 million yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 71.5%.