Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. Posted 154.1 Million Yuan Net Loss in First Half of 2023

Ningxia Xinri Hengli Steel Wire Rope Co.,Ltd. (宁夏中科生物科技股份有限公司) (600165.SH) reported a net loss of 154.1 million yuan in the first half of 2023, reversing a net profit of 7.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 102 million yuan in revenue, down 78.5% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 76.5%.