Huatian Hotel Group Co.,Ltd. Posted 59.7 Million Yuan Net Loss in First Quarter of 2023

Huatian Hotel Group Co.,Ltd. (华天酒店集团股份有限公司) (000428.SZ) reported a net loss of 59.7 million yuan in the first quarter of 2023, widening 8.3% year-on-year.

Meanwhile, the company posted 133 million yuan in revenue, up 25.7% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 74%.