Beijing Emerging Eastern Aviation Equipment Co.,Ltd. Posted 12.3 Million Yuan Net Loss in First Quarter of 2023

Beijing Emerging Eastern Aviation Equipment Co.,Ltd. (北京新兴东方航空装备股份有限公司) (002933.SZ) reported a net loss of 12.3 million yuan in the first quarter of 2023, reversing a net profit of 9.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 44.1 million yuan in revenue, down 42.6% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 732.5 million yuan in total liabilities, with a liability-to-asset ratio of 33.7%.