Beijing Aerospace Changfeng Co.,Ltd. Posted 47.6 Million Yuan Net Loss in First Quarter of 2023

Beijing Aerospace Changfeng Co.,Ltd. (北京航天长峰股份有限公司) (600855.SH) reported a net loss of 47.6 million yuan in the first quarter of 2023, widening 3.3% year-on-year.

Meanwhile, the company posted 207.3 million yuan in revenue, down 10% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.