Shanghai Ace Investment&Development Co.,Ltd. Posted 7.5 Million Yuan Net Loss in First Quarter of 2023

Shanghai Ace Investment&Development Co.,Ltd. (上海雅仕投资发展股份有限公司) (603329.SH) reported a net loss of 7.5 million yuan in the first quarter of 2023, reversing a net profit of 57.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 587.9 million yuan in revenue, down 16.9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 722.4 million yuan in total liabilities, with a liability-to-asset ratio of 35.6%.