Shanghai Hyp-Arch Architectural Design Consultant Co.,Ltd. Posted 5 Million Yuan Net Loss in First Quarter of 2023

Shanghai Hyp-Arch Architectural Design Consultant Co.,Ltd. (上海霍普建筑设计事务所股份有限公司) (301024.SZ) reported a net loss of 5 million yuan in the first quarter of 2023, narrowing 73.8% year-on-year.

Meanwhile, the company posted 42.2 million yuan in revenue, up 2.1% year-on-year.

At the end of the reporting period, it had 791 million yuan in total assets and 131.4 million yuan in total liabilities, with a liability-to-asset ratio of 16.6%.