Zhejiang Yangfan New Materials Co.,Ltd. Posted 15 Million Yuan Net Loss in First Quarter of 2023

Zhejiang Yangfan New Materials Co.,Ltd. (浙江扬帆新材料股份有限公司) (300637.SZ) reported a net loss of 15 million yuan in the first quarter of 2023, reversing a net profit of 11.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 158.2 million yuan in revenue, down 31.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 657.4 million yuan in total liabilities, with a liability-to-asset ratio of 46.7%.