Fs Development Investment Holdings Posted 27.9 Million Yuan Net Loss in First Quarter of 2023

Fs Development Investment Holdings (北京福石控股发展股份有限公司) (300071.SZ) reported a net loss of 27.9 million yuan in the first quarter of 2023, reversing a net profit of 21.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 237.6 million yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 902.2 million yuan in total liabilities, with a liability-to-asset ratio of 81.2%.