Suzhou Jinhongshun Auto Parts Co.,Ltd. Posted 13.1 Million Yuan Net Loss in First Quarter of 2023

Suzhou Jinhongshun Auto Parts Co.,Ltd. (苏州金鸿顺汽车部件股份有限公司) (603922.SH) reported a net loss of 13.1 million yuan in the first quarter of 2023, reversing a net profit of 10.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 80.6 million yuan in revenue, down 29% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 199.9 million yuan in total liabilities, with a liability-to-asset ratio of 16.3%.