Shandong Dongyue Organosilicon Materials Co.,Ltd. Posted 191.7 Million Yuan Net Loss in First Half of 2023

Shandong Dongyue Organosilicon Materials Co.,Ltd. (山东东岳有机硅材料股份有限公司) (300821.SZ) reported a net loss of 191.7 million yuan in the first half of 2023, reversing a net profit of 518.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 29.1% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 24.7%.