Rongfeng Holding Group Co.,Ltd. Posted 8.2 Million Yuan Net Loss in First Quarter of 2023

Rongfeng Holding Group Co.,Ltd. (荣丰控股集团股份有限公司) (000668.SZ) reported a net loss of 8.2 million yuan in the first quarter of 2023, reversing a net profit of 989,594 yuan for the same period in the previous year.

Meanwhile, the company posted 9.7 million yuan in revenue, down 93.2% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 44%.