Guangzhou Fangbang Electronics Co.,Ltd. Posted 42 Million Yuan Net Loss in First Half of 2023

Guangzhou Fangbang Electronics Co.,Ltd. (广州方邦电子股份有限公司) (688020.SH) reported a net loss of 42 million yuan in the first half of 2023, widening 40.1% year-on-year.

Meanwhile, the company posted 171.7 million yuan in revenue, up 0.3% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 401.4 million yuan in total liabilities, with a liability-to-asset ratio of 20.9%.