Shaanxi Aerospace Power Hi-Tech Co.,Ltd. Posted 12.1 Million Yuan Net Loss in First Quarter of 2023

Shaanxi Aerospace Power Hi-Tech Co.,Ltd. (陕西航天动力高科技股份有限公司) (600343.SH) reported a net loss of 12.1 million yuan in the first quarter of 2023, widening 13.6% year-on-year.

Meanwhile, the company posted 146.7 million yuan in revenue, down 37.7% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 38.8%.