Guangdong Bobaolon Co.,Ltd. Posted 15.8 Million Yuan Net Loss in First Quarter of 2023

Guangdong Bobaolon Co.,Ltd. (广东柏堡龙股份有限公司) (002776.SZ) reported a net loss of 15.8 million yuan in the first quarter of 2023, narrowing 50.1% year-on-year.

Meanwhile, the company posted 15.7 million yuan in revenue, up 57% year-on-year.

At the end of the reporting period, it had 507.2 million yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 234.1%.