Dalian Friendship(Group) Co.,Ltd. Posted 11 Million Yuan Net Loss in First Quarter of 2023

Dalian Friendship(Group) Co.,Ltd. (大连友谊(集团)股份有限公司) (000679.SZ) reported a net loss of 11 million yuan in the first quarter of 2023, narrowing 8.9% year-on-year.

Meanwhile, the company posted 41.5 million yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 672 million yuan in total liabilities, with a liability-to-asset ratio of 68.5%.