Tianjin Binhai Energy&Development Co.,Ltd. Posted 40.3 Million Yuan Net Loss in First Quarter of 2023

Tianjin Binhai Energy&Development Co.,Ltd. (天津滨海能源发展股份有限公司) (000695.SZ) reported a net loss of 40.3 million yuan in the first quarter of 2023, widening 39.3% year-on-year.

Meanwhile, the company posted 95.7 million yuan in revenue, down 27% year-on-year.

At the end of the reporting period, it had 821.5 million yuan in total assets and 532.1 million yuan in total liabilities, with a liability-to-asset ratio of 64.8%.