Xinlong Holding(Group) Co.,Ltd. Posted 8.7 Million Yuan Net Loss in First Quarter of 2023

Xinlong Holding(Group) Co.,Ltd. (欣龙控股(集团)股份有限公司) (000955.SZ) reported a net loss of 8.7 million yuan in the first quarter of 2023, narrowing 35.1% year-on-year.

Meanwhile, the company posted 155.1 million yuan in revenue, down 14.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 221.1 million yuan in total liabilities, with a liability-to-asset ratio of 22.4%.