Jiawei Renewable Energy Co.,Ltd. Posted 13.6 Million Yuan Net Loss in First Quarter of 2023

Jiawei Renewable Energy Co.,Ltd. (珈伟新能源股份有限公司) (300317.SZ) reported a net loss of 13.6 million yuan in the first quarter of 2023, reversing a net profit of 29.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 100 million yuan in revenue, down 59.9% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 721.3 million yuan in total liabilities, with a liability-to-asset ratio of 28.6%.