Shanghai Safbon Water Service(Holding) Inc. Posted 3.5 Million Yuan Net Loss in First Quarter of 2023

Shanghai Safbon Water Service(Holding) Inc. (上海巴安水务股份有限公司) (300262.SZ) reported a net loss of 3.5 million yuan in the first quarter of 2023, narrowing 93.7% year-on-year.

Meanwhile, the company posted 82 million yuan in revenue, up 64.9% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 97.4%.