Zhongfu Straits(Pingtan) Development Company Limited Posted 4.5 Million Yuan Net Loss in First Quarter of 2023

Zhongfu Straits(Pingtan) Development Company Limited (中福海峡(平潭)发展股份有限公司) (000592.SZ) reported a net loss of 4.5 million yuan in the first quarter of 2023, widening 241.3% year-on-year.

Meanwhile, the company posted 260.2 million yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 44.6%.