Jiangxi Hengda Hi-Tech Co.,Ltd. Posted 2.4 Million Yuan Net Loss in First Quarter of 2023

Jiangxi Hengda Hi-Tech Co.,Ltd. (江西恒大高新技术股份有限公司) (002591.SZ) reported a net loss of 2.4 million yuan in the first quarter of 2023, narrowing 18.6% year-on-year.

Meanwhile, the company posted 60.3 million yuan in revenue, down 43.9% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 312.6 million yuan in total liabilities, with a liability-to-asset ratio of 30.4%.