Ningbo United Group Co.,Ltd. Posted 1.9 Million Yuan Net Loss in First Quarter of 2023

Ningbo United Group Co.,Ltd. (宁波联合集团股份有限公司) (600051.SH) reported a net loss of 1.9 million yuan in the first quarter of 2023, narrowing 73.8% year-on-year.

Meanwhile, the company posted 748.9 million yuan in revenue, up 94.1% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.8%.