Fujian Ideal Jewellery Industrial Co.,Ltd. Posted 45.6 Million Yuan Net Loss in First Quarter of 2023

Fujian Ideal Jewellery Industrial Co.,Ltd. (福建省爱迪尔珠宝实业股份有限公司) (002740.SZ) reported a net loss of 45.6 million yuan in the first quarter of 2023, widening 43.6% year-on-year.

Meanwhile, the company posted 68.8 million yuan in revenue, down 30% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 139%.