Financial Street Holdings Co.,Ltd. Posted 233 Million Yuan Net Loss in First Quarter of 2023

Financial Street Holdings Co.,Ltd. (金融街控股股份有限公司) (000402.SZ) reported a net loss of 233 million yuan in the first quarter of 2023, reversing a net profit of 934.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 39.7% year-on-year.

At the end of the reporting period, it had 156.6 billion yuan in total assets and 114.4 billion yuan in total liabilities, with a liability-to-asset ratio of 73.1%.