Shaanxi Construction Machinery Co.,Ltd. Posted 133.4 Million Yuan Net Loss in First Quarter of 2023

Shaanxi Construction Machinery Co.,Ltd. (陕西建设机械股份有限公司) (600984.SH) reported a net loss of 133.4 million yuan in the first quarter of 2023, widening 147.1% year-on-year.

Meanwhile, the company posted 648.6 million yuan in revenue, down 15.2% year-on-year.

At the end of the reporting period, it had 17.4 billion yuan in total assets and 11.5 billion yuan in total liabilities, with a liability-to-asset ratio of 66.3%.