Guangdong Rongtai Industry Co.,Ltd. Posted 78.6 Million Yuan Net Loss in First Half of 2023

Guangdong Rongtai Industry Co.,Ltd. (广东榕泰实业股份有限公司) (600589.SH) reported a net loss of 78.6 million yuan in the first half of 2023, widening 75.4% year-on-year.

Meanwhile, the company posted 184.7 million yuan in revenue, down 41.9% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 172.6%.