Guangzhou Baiyun Electric Equipment Co.,Ltd. Posted 65.1 Million Yuan Net Loss in First Half of 2022

Guangzhou Baiyun Electric Equipment Co.,Ltd. (广州白云电器设备股份有限公司) (603861.SH) reported a net loss of 65.1 million yuan in the first half of 2022, reversing a net profit of 43.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 63.5%.