Huitong Construction Group Co.,Ltd. Posted 21.6 Million Yuan Net Loss in First Quarter of 2023

Huitong Construction Group Co.,Ltd. (汇通建设集团股份有限公司) (603176.SH) reported a net loss of 21.6 million yuan in the first quarter of 2023, narrowing 39.3% year-on-year.

Meanwhile, the company posted 453.1 million yuan in revenue, up 116.2% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 79.1%.