Nanjing Public Utilities Development Co.,Ltd. Posted 2 Million Yuan Net Loss in First Quarter of 2023

Nanjing Public Utilities Development Co.,Ltd. (南京公用发展股份有限公司) (000421.SZ) reported a net loss of 2 million yuan in the first quarter of 2023, narrowing 89.8% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 3.6% year-on-year.

At the end of the reporting period, it had 15.8 billion yuan in total assets and 11.8 billion yuan in total liabilities, with a liability-to-asset ratio of 74.7%.