Shandong Meichen Ecology&Environment Co.,Ltd. Posted 117.6 Million Yuan Net Loss in First Quarter of 2023

Shandong Meichen Ecology&Environment Co.,Ltd. (山东美晨生态环境股份有限公司) (300237.SZ) reported a net loss of 117.6 million yuan in the first quarter of 2023, widening 3.9% year-on-year.

Meanwhile, the company posted 362.2 million yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 89.7%.