Guangdong Rongtai Industry Co.,Ltd. Posted 41.3 Million Yuan Net Loss in First Quarter of 2023

Guangdong Rongtai Industry Co.,Ltd. (广东榕泰实业股份有限公司) (600589.SH) reported a net loss of 41.3 million yuan in the first quarter of 2023, widening 203.8% year-on-year.

Meanwhile, the company posted 90.2 million yuan in revenue, down 54.6% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 164%.