Fulin Precision Co.,Ltd. Posted 544.9 Million Yuan Net Loss in First Quarter of 2023

Fulin Precision Co.,Ltd. (富临精工股份有限公司) (300432.SZ) reported a net loss of 544.9 million yuan in the first quarter of 2023, reversing a net profit of 211.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 724.9 million yuan in revenue, down 56.2% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.