Highbroad Advanced Material(Hefei) Co.,Ltd. Posted 41.9 Million Yuan Net Loss in 2022

Highbroad Advanced Material(Hefei) Co.,Ltd. (翰博高新材料(合肥)股份有限公司) (301321.SZ) reported a net loss of 41.9 million yuan in 2022, reversing a net profit of 151.2 million yuan for the previous year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 24% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 62.7%.