Elec-Tech International Co.,Ltd. Posted 158.3 Million Yuan Net Loss in First Half of 2022

Elec-Tech International Co.,Ltd. (安徽德豪润达电气股份有限公司) (002005.SZ) reported a net loss of 158.3 million yuan in the first half of 2022, narrowing 7.5% year-on-year.

Meanwhile, the company posted 711.2 million yuan in revenue, down 27.2% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.