Guangdong Songfa Ceramics Co.,Ltd. Posted 39.9 Million Yuan Net Loss in First Half of 2023

Guangdong Songfa Ceramics Co.,Ltd. (广东松发陶瓷股份有限公司) (603268.SH) reported a net loss of 39.9 million yuan in the first half of 2023, narrowing 0.9% year-on-year.

Meanwhile, the company posted 91.4 million yuan in revenue, down 12.9% year-on-year.

At the end of the reporting period, it had 630.2 million yuan in total assets and 459.9 million yuan in total liabilities, with a liability-to-asset ratio of 73%.