Hongbaoli Group Corporation,Ltd. Posted 20.1 Million Yuan Net Loss in First Quarter of 2023

Hongbaoli Group Corporation,Ltd. (红宝丽集团股份有限公司) (002165.SZ) reported a net loss of 20.1 million yuan in the first quarter of 2023, narrowing 34.6% year-on-year.

Meanwhile, the company posted 561.8 million yuan in revenue, down 21.3% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.1%.