Jinxi Axle Company Limited Posted 17.2 Million Yuan Net Loss in First Quarter of 2023

Jinxi Axle Company Limited (晋西车轴股份有限公司) (600495.SH) reported a net loss of 17.2 million yuan in the first quarter of 2023, narrowing 48.8% year-on-year.

Meanwhile, the company posted 168.1 million yuan in revenue, up 34.4% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 645.3 million yuan in total liabilities, with a liability-to-asset ratio of 16.7%.