Jinlihua Electric Co.,Ltd. Posted 6.3 Million Yuan Net Loss in First Quarter of 2023

Jinlihua Electric Co.,Ltd. (金利华电气股份有限公司) (300069.SZ) reported a net loss of 6.3 million yuan in the first quarter of 2023, reversing a net profit of 5.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 11.1 million yuan in revenue, down 61.7% year-on-year.

At the end of the reporting period, it had 363.1 million yuan in total assets and 119.3 million yuan in total liabilities, with a liability-to-asset ratio of 32.9%.