Guangdong Piano Customized Furniture Co.,Ltd. Posted 4.1 Million Yuan Net Loss in First Quarter of 2023

Guangdong Piano Customized Furniture Co.,Ltd. (广东皮阿诺科学艺术家居股份有限公司) (002853.SZ) reported a net loss of 4.1 million yuan in the first quarter of 2023, reversing a net profit of 18.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 178.9 million yuan in revenue, down 24.2% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.6%.