Beijing Dabeinong Technology Group Co.,Ltd. Posted 400.5 Million Yuan Net Loss in First Quarter of 2023

Beijing Dabeinong Technology Group Co.,Ltd. (北京大北农科技集团股份有限公司) (002385.SZ) reported a net loss of 400.5 million yuan in the first quarter of 2023, widening 40% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, up 20.4% year-on-year.

At the end of the reporting period, it had 30.6 billion yuan in total assets and 18 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.