Jiangsu Sunshine Co.,Ltd. Posted 981,931 Yuan Net Loss in First Quarter of 2023

Jiangsu Sunshine Co.,Ltd. (江苏阳光股份有限公司) (600220.SH) reported a net loss of 981,931 yuan in the first quarter of 2023, reversing a net profit of 15.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 342.8 million yuan in revenue, down 17.9% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.