Shenzhen Zhenye(Group) Co.,Ltd. Posted 13 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Zhenye(Group) Co.,Ltd. (深圳市振业(集团)股份有限公司) (000006.SZ) reported a net loss of 13 million yuan in the first quarter of 2023, reversing a net profit of 45.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 265.6 million yuan in revenue, down 24.4% year-on-year.

At the end of the reporting period, it had 26.5 billion yuan in total assets and 18 billion yuan in total liabilities, with a liability-to-asset ratio of 68.1%.