Ningbo Xianfeng New Material Co.,Ltd. Posted 5.3 Million Yuan Net Loss in First Quarter of 2023

Ningbo Xianfeng New Material Co.,Ltd. (宁波先锋新材料股份有限公司) (300163.SZ) reported a net loss of 5.3 million yuan in the first quarter of 2023, widening 348.3% year-on-year.

Meanwhile, the company posted 68.8 million yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 627.7 million yuan in total assets and 39.4 million yuan in total liabilities, with a liability-to-asset ratio of 6.3%.