Qingdao Doublestar Co.,Ltd. Posted 116 Million Yuan Net Loss in First Quarter of 2023

Qingdao Doublestar Co.,Ltd. (青岛双星股份有限公司) (000599.SZ) reported a net loss of 116 million yuan in the first quarter of 2023, narrowing 30.5% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 17.7% year-on-year.

At the end of the reporting period, it had 9.7 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 78%.