Nanjing Aolian Ae&Ea Co.,Ltd. Posted 65,457 Yuan Net Loss in First Quarter of 2023

Nanjing Aolian Ae&Ea Co.,Ltd. (南京奥联汽车电子电器股份有限公司) (300585.SZ) reported a net loss of 65,457 yuan in the first quarter of 2023, reversing a net profit of 1.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 102.2 million yuan in revenue, up 16.3% year-on-year.

At the end of the reporting period, it had 924.3 million yuan in total assets and 192.8 million yuan in total liabilities, with a liability-to-asset ratio of 20.9%.