Xiamen Wanli Stone Stock Co.,Ltd. Posted 4.4 Million Yuan Net Loss in First Quarter of 2023

Xiamen Wanli Stone Stock Co.,Ltd. (厦门万里石股份有限公司) (002785.SZ) reported a net loss of 4.4 million yuan in the first quarter of 2023, reversing a net profit of 5.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 217.9 million yuan in revenue, down 19.5% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 670.5 million yuan in total liabilities, with a liability-to-asset ratio of 51%.