Kunwu Jiuding Investment Holdings Co.,Ltd. Posted 18.5 Million Yuan Net Loss in First Quarter of 2023

Kunwu Jiuding Investment Holdings Co.,Ltd. (昆吾九鼎投资控股股份有限公司) (600053.SH) reported a net loss of 18.5 million yuan in the first quarter of 2023, reversing a net profit of 44.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 12.2 million yuan in revenue, down 86.7% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 497.1 million yuan in total liabilities, with a liability-to-asset ratio of 14.4%.