Chongqing Gas Group Corporation Co.,Ltd. Posted 49.8 Million Yuan Net Loss in First Quarter of 2023

Chongqing Gas Group Corporation Co.,Ltd. (重庆燃气集团股份有限公司) (600917.SH) reported a net loss of 49.8 million yuan in the first quarter of 2023, reversing a net profit of 101.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 13.2% year-on-year.

At the end of the reporting period, it had 10.2 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.