Guangzhou Jet Bio-Filtration Co.,Ltd. Posted 8.7 Million Yuan Net Loss in First Quarter of 2023

Guangzhou Jet Bio-Filtration Co.,Ltd. (广州洁特生物过滤股份有限公司) (688026.SH) reported a net loss of 8.7 million yuan in the first quarter of 2023, reversing a net profit of 41 million yuan for the same period in the previous year.

Meanwhile, the company posted 74.3 million yuan in revenue, down 61% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 451.1 million yuan in total liabilities, with a liability-to-asset ratio of 28.5%.