Aug 06, 2021 08:00 AM

Swancor Advanced Materials Co.,Ltd. Posted 2.6 Million Yuan Net Loss in First Half of 2021

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net loss of 2.6 million yuan in the first half of 2021, reversing a net profit of 46 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 41.3% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.

This article was automatically produced by Caixin Automation on Aug. 26, 2021.

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