Ningxia Xiaoming Agriculture&Animal Husbandry Co.,Ltd. Posted 11.1 Million Yuan Net Loss in First Quarter of 2023

Ningxia Xiaoming Agriculture&Animal Husbandry Co.,Ltd. (宁夏晓鸣农牧股份有限公司) (300967.SZ) reported a net loss of 11.1 million yuan in the first quarter of 2023, reversing a net profit of 13.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 211.4 million yuan in revenue, up 12.4% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 697.4 million yuan in total liabilities, with a liability-to-asset ratio of 47%.