Guangdong Wanlima Industry Co.,Ltd. Posted 7.9 Million Yuan Net Loss in First Quarter of 2023

Guangdong Wanlima Industry Co.,Ltd. (广东万里马实业股份有限公司) (300591.SZ) reported a net loss of 7.9 million yuan in the first quarter of 2023, reversing a net profit of 2.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 85.2 million yuan in revenue, down 30% year-on-year.

At the end of the reporting period, it had 923.7 million yuan in total assets and 354.8 million yuan in total liabilities, with a liability-to-asset ratio of 38.4%.