Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. Posted 7.1 Million Yuan Net Loss in First Quarter of 2023

Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. (杭州高新橡塑材料股份有限公司) (300478.SZ) reported a net loss of 7.1 million yuan in the first quarter of 2023, reversing a net profit of 1.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 71.5 million yuan in revenue, up 6.6% year-on-year.

At the end of the reporting period, it had 316.9 million yuan in total assets and 255.4 million yuan in total liabilities, with a liability-to-asset ratio of 80.6%.