Y.U.D.Yangtze River Investment Industry Co.,Ltd. Posted 3.4 Million Yuan Net Loss in First Quarter of 2023

Y.U.D.Yangtze River Investment Industry Co.,Ltd. (长发集团长江投资实业股份有限公司) (600119.SH) reported a net loss of 3.4 million yuan in the first quarter of 2023, narrowing 51.3% year-on-year.

Meanwhile, the company posted 192.7 million yuan in revenue, down 39.8% year-on-year.

At the end of the reporting period, it had 762.2 million yuan in total assets and 405.8 million yuan in total liabilities, with a liability-to-asset ratio of 53.2%.