Guangzhou Seagull Kitchen And Bath Products Co.,Ltd. Posted 34 Million Yuan Net Loss in First Quarter of 2023

Guangzhou Seagull Kitchen And Bath Products Co.,Ltd. (广州海鸥住宅工业股份有限公司) (002084.SZ) reported a net loss of 34 million yuan in the first quarter of 2023, widening 12.8% year-on-year.

Meanwhile, the company posted 582.3 million yuan in revenue, down 24.6% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 49.3%.