Qingdao Daneng Environment-Protection Equipment Co.,Ltd. Posted 840,343 Yuan Net Loss in First Quarter of 2023

Qingdao Daneng Environment-Protection Equipment Co.,Ltd. (青岛达能环保设备股份有限公司) (688501.SH) reported a net loss of 840,343 yuan in the first quarter of 2023, narrowing 88.8% year-on-year.

Meanwhile, the company posted 76.7 million yuan in revenue, up 178.8% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 825 million yuan in total liabilities, with a liability-to-asset ratio of 50%.