Shanghai Shenda Co.,Ltd. Posted 141.8 Million Yuan Net Loss in First Quarter of 2023

Shanghai Shenda Co.,Ltd. (上海申达股份有限公司) (600626.SH) reported a net loss of 141.8 million yuan in the first quarter of 2023, widening 43.7% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 10.4 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 69.4%.