Guangdong Lyric Robot Automation Co.,Ltd. Posted 31.6 Million Yuan Net Loss in First Half of 2023

Guangdong Lyric Robot Automation Co.,Ltd. (广东利元亨智能装备股份有限公司) (688499.SH) reported a net loss of 31.6 million yuan in the first half of 2023, reversing a net profit of 169.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 56.6% year-on-year.

At the end of the reporting period, it had 10.4 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 75.4%.