Sicc Co.,Ltd. Posted 72.8 Million Yuan Net Loss in First Half of 2022

Sicc Co.,Ltd. (山东天岳先进科技股份有限公司) (688234.SH) reported a net loss of 72.8 million yuan in the first half of 2022, reversing a net profit of 47.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 160.8 million yuan in revenue, down 35% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 465.4 million yuan in total liabilities, with a liability-to-asset ratio of 8%.