Jiangxi Hongdu Aviation Industry Co.,Ltd. Posted 9.1 Million Yuan Net Loss in First Quarter of 2023

Jiangxi Hongdu Aviation Industry Co.,Ltd. (江西洪都航空工业股份有限公司) (600316.SH) reported a net loss of 9.1 million yuan in the first quarter of 2023, reversing a net profit of 5 million yuan for the same period in the previous year.

Meanwhile, the company posted 137.1 million yuan in revenue, down 81.1% year-on-year.

At the end of the reporting period, it had 16.1 billion yuan in total assets and 10.9 billion yuan in total liabilities, with a liability-to-asset ratio of 67.2%.