Shanghai Shibei Hi-Tech Co.,Ltd. Posted 35.9 Million Yuan Net Loss in First Quarter of 2023

Shanghai Shibei Hi-Tech Co.,Ltd. (上海市北高新股份有限公司) (600604.SH) reported a net loss of 35.9 million yuan in the first quarter of 2023, reversing a net profit of 84 million yuan for the same period in the previous year.

Meanwhile, the company posted 245.5 million yuan in revenue, down 46.5% year-on-year.

At the end of the reporting period, it had 22 billion yuan in total assets and 13.6 billion yuan in total liabilities, with a liability-to-asset ratio of 61.6%.