Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. Posted 66.7 Million Yuan Net Loss in First Quarter of 2023

Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. (宁夏中科生物科技股份有限公司) (600165.SH) reported a net loss of 66.7 million yuan in the first quarter of 2023, widening 139% year-on-year.

Meanwhile, the company posted 46.1 million yuan in revenue, down 72.3% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 74.3%.