Shenzhen Institute Of Building Research Co.,Ltd. Posted 33.6 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Institute Of Building Research Co.,Ltd. (深圳市建筑科学研究院股份有限公司) (300675.SZ) reported a net loss of 33.6 million yuan in the first quarter of 2023, widening 60.3% year-on-year.

Meanwhile, the company posted 59.3 million yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 704 million yuan in total liabilities, with a liability-to-asset ratio of 54.3%.