China Enterprise Company Limited Posted 352.6 Million Yuan Net Loss in First Quarter of 2023

China Enterprise Company Limited (中华企业股份有限公司) (600675.SH) reported a net loss of 352.6 million yuan in the first quarter of 2023, widening 237.8% year-on-year.

Meanwhile, the company posted 387.8 million yuan in revenue, down 43.5% year-on-year.

At the end of the reporting period, it had 60.6 billion yuan in total assets and 44.6 billion yuan in total liabilities, with a liability-to-asset ratio of 73.5%.