Guangdong Saca Precision Manufacturing Co.,Ltd. Posted 17.2 Million Yuan Net Loss in First Half of 2022

Guangdong Saca Precision Manufacturing Co.,Ltd. (广东星徽精密制造股份有限公司) (300464.SZ) reported a net loss of 17.2 million yuan in the first half of 2022, reversing a net profit of 105.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 48.3% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 83.6%.