Maoming Petro-Chemical Shihua Co.,Ltd. Posted 50 Million Yuan Net Loss in First Half of 2023

Maoming Petro-Chemical Shihua Co.,Ltd. (茂名石化实华股份有限公司) (000637.SZ) reported a net loss of 50 million yuan in the first half of 2023, reversing a net profit of 23.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, down 31.2% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 62%.