Beijing Honggao Creative Architectural Design Co.,Ltd. Posted 14.6 Million Yuan Net Loss in First Quarter of 2023

Beijing Honggao Creative Architectural Design Co.,Ltd. (北京弘高创意建筑设计股份有限公司) (002504.SZ) reported a net loss of 14.6 million yuan in the first quarter of 2023, widening 84.2% year-on-year.

Meanwhile, the company posted 28 million yuan in revenue, down 19.9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 120.9%.