Jinneng Science&Technology Co.,Ltd. Posted 138.7 Million Yuan Net Loss in First Quarter of 2023

Jinneng Science&Technology Co.,Ltd. (金能科技股份有限公司) (603113.SH) reported a net loss of 138.7 million yuan in the first quarter of 2023, reversing a net profit of 124.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 23.8% year-on-year.

At the end of the reporting period, it had 17.1 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.