Huida Sanitary Ware Co.,Ltd. Posted 2.3 Million Yuan Net Loss in First Quarter of 2023

Huida Sanitary Ware Co.,Ltd. (惠达卫浴股份有限公司) (603385.SH) reported a net loss of 2.3 million yuan in the first quarter of 2023, narrowing 71.2% year-on-year.

Meanwhile, the company posted 645.8 million yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 30.8%.