Guangdong Highsun Group Co.,Ltd. Posted 91.1 Million Yuan Net Loss in First Quarter of 2023

Guangdong Highsun Group Co.,Ltd. (广东海印集团股份有限公司) (000861.SZ) reported a net loss of 91.1 million yuan in the first quarter of 2023, reversing a net profit of 98.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 212.4 million yuan in revenue, down 41.9% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.7%.