Shandong Longquan Pipeline Engineering Co.,Ltd. Posted 9.9 Million Yuan Net Loss in First Quarter of 2023

Shandong Longquan Pipeline Engineering Co.,Ltd. (山东龙泉管道工程股份有限公司) (002671.SZ) reported a net loss of 9.9 million yuan in the first quarter of 2023, narrowing 78.2% year-on-year.

Meanwhile, the company posted 191.7 million yuan in revenue, up 48.6% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 864.2 million yuan in total liabilities, with a liability-to-asset ratio of 35.6%.