Changzhou Nrb Corporation Posted 14.9 Million Yuan Net Loss in First Quarter of 2023

Changzhou Nrb Corporation (常州光洋轴承股份有限公司) (002708.SZ) reported a net loss of 14.9 million yuan in the first quarter of 2023, narrowing 70.9% year-on-year.

Meanwhile, the company posted 353.3 million yuan in revenue, down 0.3% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.