Bbmg Corporation Posted 843.2 Million Yuan Net Loss in First Quarter of 2023

Bbmg Corporation (北京金隅集团股份有限公司) (601992.SH) reported a net loss of 843.2 million yuan in the first quarter of 2023, reversing a net profit of 163.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 23.5 billion yuan in revenue, up 1.7% year-on-year.

At the end of the reporting period, it had 282.8 billion yuan in total assets and 187 billion yuan in total liabilities, with a liability-to-asset ratio of 66.1%.