Nanfang Ventilator Co.,Ltd. Posted 1.5 Million Yuan Net Loss in First Quarter of 2023

Nanfang Ventilator Co.,Ltd. (南方风机股份有限公司) (300004.SZ) reported a net loss of 1.5 million yuan in the first quarter of 2023, reversing a net profit of 16 million yuan for the same period in the previous year.

Meanwhile, the company posted 50.7 million yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 197.6 million yuan in total liabilities, with a liability-to-asset ratio of 10.4%.