Northeast Electric Development Company Limited Posted 11.9 Million Yuan Net Loss in First Half of 2021

Northeast Electric Development Company Limited (东北电气发展股份有限公司) (000585.SZ) reported a net loss of 11.9 million yuan in the first half of 2021, narrowing 0.2% year-on-year.

Meanwhile, the company posted 28.4 million yuan in revenue, down 24.8% year-on-year.

At the end of the reporting period, it had 144 million yuan in total assets and 340.5 million yuan in total liabilities, with a liability-to-asset ratio of 236.5%.

This article was automatically produced by Caixin Automation on Sept. 1, 2021.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.