Qinghai Spring Medicinal Resources Technology Co.,Ltd. Posted 27.8 Million Yuan Net Loss in First Quarter of 2023

Qinghai Spring Medicinal Resources Technology Co.,Ltd. (青海春天药用资源科技股份有限公司) (600381.SH) reported a net loss of 27.8 million yuan in the first quarter of 2023, widening 18.1% year-on-year.

Meanwhile, the company posted 56.3 million yuan in revenue, down 25.1% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 50.2 million yuan in total liabilities, with a liability-to-asset ratio of 3.2%.