Dongjiang Environmental Posts Wider Q1 Loss and Negative Cash Flow
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Dongjiang Environmental Company reported a wider Q1 loss of RMB150.2 million, with operating revenue down 13.4% year-on-year to RMB602.6 million. The company faced negative cash flow and a decline in total assets and shareholders' equity. The weighted average return on net assets worsened to -6.53%, indicating ongoing operational and financial challenges. Despite a slight improvement in net loss after extraordinary items, the company continues to struggle with profitability and liquidity in a tough market environment.
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