Hunan Chendian International Development Share-Holding Limited Company Posted 1.8 Million Yuan Net Loss in First Half of 2023

Hunan Chendian International Development Share-Holding Limited Company (湖南郴电国际发展股份有限公司) (600969.SH) reported a net loss of 1.8 million yuan in the first half of 2023, reversing a net profit of 62.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 6.8% year-on-year.

At the end of the reporting period, it had 15.5 billion yuan in total assets and 11.6 billion yuan in total liabilities, with a liability-to-asset ratio of 75%.