Hongbo Co.,Ltd. Posted 31.7 Million Yuan Net Loss in First Half of 2022

Hongbo Co.,Ltd. (鸿博股份有限公司) (002229.SZ) reported a net loss of 31.7 million yuan in the first half of 2022, reversing a net profit of 33.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 232.5 million yuan in revenue, down 22% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 783.1 million yuan in total liabilities, with a liability-to-asset ratio of 30.9%.