Guangdong Shaoneng Group Co.,Ltd. Posted 32.8 Million Yuan Net Loss in First Quarter of 2023

Guangdong Shaoneng Group Co.,Ltd. (广东韶能集团股份有限公司) (000601.SZ) reported a net loss of 32.8 million yuan in the first quarter of 2023, reversing a net profit of 33.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 920.1 million yuan in revenue, up 3.7% year-on-year.

At the end of the reporting period, it had 13.4 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.