Fujian Superpipe Co.,Ltd. Posted 17.9 Million Yuan Net Loss in First Quarter of 2023

Fujian Superpipe Co.,Ltd. (福建纳川管材科技股份有限公司) (300198.SZ) reported a net loss of 17.9 million yuan in the first quarter of 2023, widening 14.9% year-on-year.

Meanwhile, the company posted 68.4 million yuan in revenue, down 13% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 67.2%.