Kraussmaffei Company Limited Posted 338.2 Million Yuan Net Loss in First Quarter of 2023

Kraussmaffei Company Limited (克劳斯玛菲股份有限公司) (600579.SH) reported a net loss of 338.2 million yuan in the first quarter of 2023, widening 87.9% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 33.4% year-on-year.

At the end of the reporting period, it had 19.9 billion yuan in total assets and 16.8 billion yuan in total liabilities, with a liability-to-asset ratio of 84.2%.