Dingli Corp.,Ltd. Posted 12.7 Million Yuan Net Loss in First Quarter of 2023

Dingli Corp.,Ltd. (珠海世纪鼎利科技股份有限公司) (300050.SZ) reported a net loss of 12.7 million yuan in the first quarter of 2023, reversing a net profit of 6.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 69.5 million yuan in revenue, down 48.6% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 317.7 million yuan in total liabilities, with a liability-to-asset ratio of 32.1%.