Jiangsu Zhongchao Holding Co.,Ltd. Posted 45 Million Yuan Net Loss in First Quarter of 2023

Jiangsu Zhongchao Holding Co.,Ltd. (江苏中超控股股份有限公司) (002471.SZ) reported a net loss of 45 million yuan in the first quarter of 2023, widening 50.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 75.7%.