Hainan Ruize New Building Meterial Co.,Ltd. Posted 24.7 Million Yuan Net Loss in First Quarter of 2023

Hainan Ruize New Building Meterial Co.,Ltd. (海南瑞泽新型建材股份有限公司) (002596.SZ) reported a net loss of 24.7 million yuan in the first quarter of 2023, reversing a net profit of 5.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 359.8 million yuan in revenue, down 24.1% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 67.9%.