Shenyang Machine Tool Co.,Ltd. Posted 59.2 Million Yuan Net Loss in First Half of 2023

Shenyang Machine Tool Co.,Ltd. (沈阳机床股份有限公司) (000410.SZ) reported a net loss of 59.2 million yuan in the first half of 2023, reversing a net profit of 10 million yuan for the same period in the previous year.

Meanwhile, the company posted 740.3 million yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 73.7%.