Suzhou Industrial Park Heshun Electric Co.,Ltd. Posted 8.3 Million Yuan Net Loss in First Half of 2022

Suzhou Industrial Park Heshun Electric Co.,Ltd. (苏州工业园区和顺电气股份有限公司) (300141.SZ) reported a net loss of 8.3 million yuan in the first half of 2022, reversing a net profit of 579,472 yuan for the same period in the previous year.

Meanwhile, the company posted 92.4 million yuan in revenue, down 40.9% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 287 million yuan in total liabilities, with a liability-to-asset ratio of 29.8%.