Shenyang Machine Tool Co.,Ltd. Posted 35 Million Yuan Net Loss in First Quarter of 2023

Shenyang Machine Tool Co.,Ltd. (沈阳机床股份有限公司) (000410.SZ) reported a net loss of 35 million yuan in the first quarter of 2023, reversing a net profit of 17.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 377.6 million yuan in revenue, down 18.4% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 73.9%.