Jiangsu Wanlin Modern Logistics Co.,Ltd. Posted 6.1 Million Yuan Net Loss in First Quarter of 2023

Jiangsu Wanlin Modern Logistics Co.,Ltd. (江苏万林现代物流股份有限公司) (603117.SH) reported a net loss of 6.1 million yuan in the first quarter of 2023, widening 201.4% year-on-year.

Meanwhile, the company posted 123.7 million yuan in revenue, up 17.8% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 42.5%.