Shanying International Holdings Co.,Ltd. Posted 376.2 Million Yuan Net Loss in First Quarter of 2023

Shanying International Holdings Co.,Ltd. (山鹰国际控股股份公司) (600567.SH) reported a net loss of 376.2 million yuan in the first quarter of 2023, reversing a net profit of 188.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.4 billion yuan in revenue, down 20.2% year-on-year.

At the end of the reporting period, it had 54.5 billion yuan in total assets and 39.2 billion yuan in total liabilities, with a liability-to-asset ratio of 72%.