Xingyuan Environment Technology Co.,Ltd. Posted 83.7 Million Yuan Net Loss in First Quarter of 2023

Xingyuan Environment Technology Co.,Ltd. (兴源环境科技股份有限公司) (300266.SZ) reported a net loss of 83.7 million yuan in the first quarter of 2023, widening 212.3% year-on-year.

Meanwhile, the company posted 158.8 million yuan in revenue, down 36.8% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 9.5 billion yuan in total liabilities, with a liability-to-asset ratio of 85.9%.