Shenzhen Changfang Group Co.,Ltd. Posted 18.6 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Changfang Group Co.,Ltd. (深圳市长方集团股份有限公司) (300301.SZ) reported a net loss of 18.6 million yuan in the first quarter of 2023, narrowing 45.9% year-on-year.

Meanwhile, the company posted 150.1 million yuan in revenue, down 29.4% year-on-year.

At the end of the reporting period, it had 938.8 million yuan in total assets and 764.7 million yuan in total liabilities, with a liability-to-asset ratio of 81.5%.