Jinxi Axle Company Limited Posted 20.1 Million Yuan Net Loss in First Half of 2023

Jinxi Axle Company Limited (晋西车轴股份有限公司) (600495.SH) reported a net loss of 20.1 million yuan in the first half of 2023, reversing a net profit of 10.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 369.5 million yuan in revenue, down 37.2% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 665.5 million yuan in total liabilities, with a liability-to-asset ratio of 17.2%.