Hunan Zhongke Electric Co.,Ltd. Posted 143.5 Million Yuan Net Loss in First Quarter of 2023

Hunan Zhongke Electric Co.,Ltd. (湖南中科电气股份有限公司) (300035.SZ) reported a net loss of 143.5 million yuan in the first quarter of 2023, reversing a net profit of 128.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 21.3% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.