Lanzhou Greatwall Electrical Co.,Ltd. Posted 16.3 Million Yuan Net Loss in First Quarter of 2023

Lanzhou Greatwall Electrical Co.,Ltd. (兰州长城电工股份有限公司) (600192.SH) reported a net loss of 16.3 million yuan in the first quarter of 2023, narrowing 15.6% year-on-year.

Meanwhile, the company posted 481.1 million yuan in revenue, up 31.6% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 69.7%.