Bomesc Offshore Engineering Company Limited Posted 18 Million Yuan Net Loss in First Quarter of 2023

Bomesc Offshore Engineering Company Limited (博迈科海洋工程股份有限公司) (603727.SH) reported a net loss of 18 million yuan in the first quarter of 2023, reversing a net profit of 14.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 309.8 million yuan in revenue, down 29.9% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 31.8%.