Guizhou Zhongyida Co.,Ltd. Posted 11.7 Million Yuan Net Loss in First Quarter of 2023

Guizhou Zhongyida Co.,Ltd. (贵州中毅达股份有限公司) (600610.SH) reported a net loss of 11.7 million yuan in the first quarter of 2023, reversing a net profit of 18 million yuan for the same period in the previous year.

Meanwhile, the company posted 325.9 million yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 89.4%.