Guodian Nanjing Automation Company Limited Posted 1.6 Million Yuan Net Loss in First Quarter of 2023

Guodian Nanjing Automation Company Limited (国电南京自动化股份有限公司) (600268.SH) reported a net loss of 1.6 million yuan in the first quarter of 2023, narrowing 96.7% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 20% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 60.1%.