Beijing Hanjian Heshan Pipeline Co.,Ltd. Posted 21.4 Million Yuan Net Loss in First Quarter of 2023

Beijing Hanjian Heshan Pipeline Co.,Ltd. (北京韩建河山管业股份有限公司) (603616.SH) reported a net loss of 21.4 million yuan in the first quarter of 2023, widening 38.9% year-on-year.

Meanwhile, the company posted 53.6 million yuan in revenue, up 7.8% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.1%.