Shantou Wanshun New Material Group Co.,Ltd. Posted 5.3 Million Yuan Net Loss in First Quarter of 2023

Shantou Wanshun New Material Group Co.,Ltd. (汕头万顺新材集团股份有限公司) (300057.SZ) reported a net loss of 5.3 million yuan in the first quarter of 2023, reversing a net profit of 53.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.