Jiangmen Kanhoo Industry Co.,Ltd. Posted 22.2 Million Yuan Net Loss in First Quarter of 2023

Jiangmen Kanhoo Industry Co.,Ltd. (江门市科恒实业股份有限公司) (300340.SZ) reported a net loss of 22.2 million yuan in the first quarter of 2023, reversing a net profit of 15.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 798.9 million yuan in revenue, up 1.7% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 94.6%.