Shaanxi Aerospace Power Hi-Tech Co.,Ltd. Posted 16.9 Million Yuan Net Loss in First Half of 2022

Shaanxi Aerospace Power Hi-Tech Co.,Ltd. (陕西航天动力高科技股份有限公司) (600343.SH) reported a net loss of 16.9 million yuan in the first half of 2022, reversing a net profit of 6.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 510.9 million yuan in revenue, down 0.6% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 40%.