Guangzhou Goaland Energy Conservation Tech Co.,Ltd. Posted 2.6 Million Yuan Net Loss in First Half of 2023

Guangzhou Goaland Energy Conservation Tech Co.,Ltd. (广州高澜节能技术股份有限公司) (300499.SZ) reported a net loss of 2.6 million yuan in the first half of 2023, reversing a net profit of 25.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 260.2 million yuan in revenue, down 69.3% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 481.1 million yuan in total liabilities, with a liability-to-asset ratio of 25.2%.