Anhui Golden Seed Winery Co.,Ltd. Posted 40.5 Million Yuan Net Loss in First Quarter of 2023

Anhui Golden Seed Winery Co.,Ltd. (安徽金种子酒业股份有限公司) (600199.SH) reported a net loss of 40.5 million yuan in the first quarter of 2023, widening 230.7% year-on-year.

Meanwhile, the company posted 432.5 million yuan in revenue, up 25.5% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 901.8 million yuan in total liabilities, with a liability-to-asset ratio of 26.4%.