Shenzhen Mingdiao Decoration Co.,Ltd. Posted 4.1 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Mingdiao Decoration Co.,Ltd. (深圳市名雕装饰股份有限公司) (002830.SZ) reported a net loss of 4.1 million yuan in the first quarter of 2023, narrowing 39.4% year-on-year.

Meanwhile, the company posted 120.8 million yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 751.1 million yuan in total liabilities, with a liability-to-asset ratio of 52.7%.