Guizhou Redstar Developing Co.,Ltd. Posted 5.9 Million Yuan Net Loss in First Quarter of 2023

Guizhou Redstar Developing Co.,Ltd. (贵州红星发展股份有限公司) (600367.SH) reported a net loss of 5.9 million yuan in the first quarter of 2023, reversing a net profit of 100.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 479.9 million yuan in revenue, down 30.7% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 880.1 million yuan in total liabilities, with a liability-to-asset ratio of 31.3%.