Jiangsu Favored Nanotechnology Co.,Ltd. Posted 21.5 Million Yuan Net Loss in First Half of 2023

Jiangsu Favored Nanotechnology Co.,Ltd. (江苏菲沃泰纳米科技股份有限公司) (688371.SH) reported a net loss of 21.5 million yuan in the first half of 2023, reversing a net profit of 4.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 119.4 million yuan in revenue, down 36.2% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 56.7 million yuan in total liabilities, with a liability-to-asset ratio of 2.8%.