Shanxi Antai Group Co.,Ltd. Posted 123.2 Million Yuan Net Loss in First Quarter of 2023

Shanxi Antai Group Co.,Ltd. (山西安泰集团股份有限公司) (600408.SH) reported a net loss of 123.2 million yuan in the first quarter of 2023, reversing a net profit of 51.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.9%.