Jiangxi Zhengbang Technology Co.,Ltd. Posted 1.3 Billion Yuan Net Loss in First Quarter of 2023

Jiangxi Zhengbang Technology Co.,Ltd. (江西正邦科技股份有限公司) (002157.SZ) reported a net loss of 1.3 billion yuan in the first quarter of 2023, narrowing 52.4% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 65.2% year-on-year.

At the end of the reporting period, it had 22.2 billion yuan in total assets and 34.8 billion yuan in total liabilities, with a liability-to-asset ratio of 157%.