North Industries Group Red Arrow Co.,Ltd. Posted 34.3 Million Yuan Net Loss in First Quarter of 2023

North Industries Group Red Arrow Co.,Ltd. (中兵红箭股份有限公司) (000519.SZ) reported a net loss of 34.3 million yuan in the first quarter of 2023, reversing a net profit of 281.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 776.2 million yuan in revenue, down 43.8% year-on-year.

At the end of the reporting period, it had 14.4 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 32.4%.