Ningxia Qinglong Pipes Industry Group Co.,Ltd. Posted 2.2 Million Yuan Net Loss in First Quarter of 2023

Ningxia Qinglong Pipes Industry Group Co.,Ltd. (宁夏青龙管业集团股份有限公司) (002457.SZ) reported a net loss of 2.2 million yuan in the first quarter of 2023, narrowing 25.5% year-on-year.

Meanwhile, the company posted 201 million yuan in revenue, down 32.4% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 37.6%.