Gansu Mogao Industrial Development Co.,Ltd. Posted 4.2 Million Yuan Net Loss in First Quarter of 2023

Gansu Mogao Industrial Development Co.,Ltd. (甘肃莫高实业发展股份有限公司) (600543.SH) reported a net loss of 4.2 million yuan in the first quarter of 2023, narrowing 60.9% year-on-year.

Meanwhile, the company posted 51.8 million yuan in revenue, up 85.6% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 165.1 million yuan in total liabilities, with a liability-to-asset ratio of 15.3%.