Lanzhou Greatwall Electrical Co.,Ltd. Posted 38.7 Million Yuan Net Loss in First Half of 2023

Lanzhou Greatwall Electrical Co.,Ltd. (兰州长城电工股份有限公司) (600192.SH) reported a net loss of 38.7 million yuan in the first half of 2023, narrowing 9.8% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 4.5% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 69.2%.