Earth-Panda Advanced Magnetic Material Co.,Ltd. Posted 42.6 Million Yuan Net Loss in First Half of 2023

Earth-Panda Advanced Magnetic Material Co.,Ltd. (安徽大地熊新材料股份有限公司) (688077.SH) reported a net loss of 42.6 million yuan in the first half of 2023, reversing a net profit of 114.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 671 million yuan in revenue, down 37.3% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.