Zhejiang Kanglongda Special Protection Technology Co.,Ltd. Posted 38.2 Million Yuan Net Loss in First Quarter of 2023

Zhejiang Kanglongda Special Protection Technology Co.,Ltd. (浙江康隆达特种防护科技股份有限公司) (603665.SH) reported a net loss of 38.2 million yuan in the first quarter of 2023, reversing a net profit of 17.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 353.2 million yuan in revenue, up 40.6% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 57.7%.