Beijing Jingcheng Machinery Electric Company Limited Posted 19.4 Million Yuan Net Loss in First Quarter of 2023

Beijing Jingcheng Machinery Electric Company Limited (北京京城机电股份有限公司) (600860.SH) reported a net loss of 19.4 million yuan in the first quarter of 2023, widening 562.1% year-on-year.

Meanwhile, the company posted 274.7 million yuan in revenue, down 1.8% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.3%.