Beijing Baolande Software Corporation. Posted 6 Million Yuan Net Loss in First Quarter of 2023

Beijing Baolande Software Corporation. (北京宝兰德软件股份有限公司) (688058.SH) reported a net loss of 6 million yuan in the first quarter of 2023, reversing a net profit of 13.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 53.1 million yuan in revenue, down 15.8% year-on-year.

At the end of the reporting period, it had 888.8 million yuan in total assets and 48.4 million yuan in total liabilities, with a liability-to-asset ratio of 5.5%.