Chang Jiang Shipping Group Phoenix Co.,Ltd. Posted 8.5 Million Yuan Net Loss in First Quarter of 2023

Chang Jiang Shipping Group Phoenix Co.,Ltd. (长航凤凰股份有限公司) (000520.SZ) reported a net loss of 8.5 million yuan in the first quarter of 2023, reversing a net profit of 10.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 230 million yuan in revenue, up 3.3% year-on-year.

At the end of the reporting period, it had 760 million yuan in total assets and 215.3 million yuan in total liabilities, with a liability-to-asset ratio of 28.3%.