Shenzhen Fountain Corporation Posted 4 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Fountain Corporation (深圳世纪星源股份有限公司) (000005.SZ) reported a net loss of 4 million yuan in the first quarter of 2023, reversing a net profit of 608,441 yuan for the same period in the previous year.

Meanwhile, the company posted 28.2 million yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.