Addsino Co.,Ltd. Posted 137.2 Million Yuan Net Loss in First Quarter of 2023

Addsino Co.,Ltd. (航天工业发展股份有限公司) (000547.SZ) reported a net loss of 137.2 million yuan in the first quarter of 2023, reversing a net profit of 154 million yuan for the same period in the previous year.

Meanwhile, the company posted 542.5 million yuan in revenue, down 46.2% year-on-year.

At the end of the reporting period, it had 14.2 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 29.3%.