Beijing Jingcheng Machinery Electric Company Limited Posted 38.8 Million Yuan Net Loss in First Half of 2023

Beijing Jingcheng Machinery Electric Company Limited (北京京城机电股份有限公司) (600860.SH) reported a net loss of 38.8 million yuan in the first half of 2023, reversing a net profit of 8.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 626 million yuan in revenue, down 1.8% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.