Guangzhou Fangbang Electronics Co.,Ltd. Posted 30 Million Yuan Net Loss in First Half of 2022

Guangzhou Fangbang Electronics Co.,Ltd. (广州方邦电子股份有限公司) (688020.SH) reported a net loss of 30 million yuan in the first half of 2022, reversing a net profit of 39.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 171.2 million yuan in revenue, up 39.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 324 million yuan in total liabilities, with a liability-to-asset ratio of 16.9%.