Suzhou Industrial Park Heshun Electric Co.,Ltd. Posted 2.3 Million Yuan Net Loss in First Quarter of 2023

Suzhou Industrial Park Heshun Electric Co.,Ltd. (苏州工业园区和顺电气股份有限公司) (300141.SZ) reported a net loss of 2.3 million yuan in the first quarter of 2023, narrowing 6.3% year-on-year.

Meanwhile, the company posted 52.9 million yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 280.9 million yuan in total liabilities, with a liability-to-asset ratio of 29.5%.