Zhejiang Huazheng New Material Co.,Ltd. Posted 10.8 Million Yuan Net Loss in First Half of 2023

Zhejiang Huazheng New Material Co.,Ltd. (浙江华正新材料股份有限公司) (603186.SH) reported a net loss of 10.8 million yuan in the first half of 2023, reversing a net profit of 72 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 70%.