Y.U.D.Yangtze River Investment Industry Co.,Ltd. Posted 5 Million Yuan Net Loss in First Three Quarters of 2023

Y.U.D.Yangtze River Investment Industry Co.,Ltd. (长发集团长江投资实业股份有限公司) (600119.SH) reported a net loss of 5 million yuan in the first three quarters of 2023, reversing a net profit of 3.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 635.1 million yuan in revenue, down 37.8% year-on-year.

At the end of the reporting period, it had 784.2 million yuan in total assets and 433.7 million yuan in total liabilities, with a liability-to-asset ratio of 55.3%.