Guangxi Wuzhou Zhongheng Group Co.,Ltd. Posted 29 Million Yuan Net Loss in First Quarter of 2023

Guangxi Wuzhou Zhongheng Group Co.,Ltd. (广西梧州中恒集团股份有限公司) (600252.SH) reported a net loss of 29 million yuan in the first quarter of 2023, reversing a net profit of 57.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 669.7 million yuan in revenue, up 4.6% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 29.5%.