Qingdao Tgood Electric Co.,Ltd. Posted 4.9 Million Yuan Net Loss in First Quarter of 2023

Qingdao Tgood Electric Co.,Ltd. (青岛特锐德电气股份有限公司) (300001.SZ) reported a net loss of 4.9 million yuan in the first quarter of 2023, narrowing 77.9% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 6.8% year-on-year.

At the end of the reporting period, it had 21.6 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 66.5%.