Hainan Expressway Co.,Ltd. Posted 594,297 Yuan Net Loss in First Quarter of 2023

Hainan Expressway Co.,Ltd. (海南高速公路股份有限公司) (000886.SZ) reported a net loss of 594,297 yuan in the first quarter of 2023, reversing a net profit of 1.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 20.9 million yuan in revenue, down 51.3% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 390.9 million yuan in total liabilities, with a liability-to-asset ratio of 11.4%.