Hefei Fengle Seed Co.,Ltd. Posted 2.7 Million Yuan Net Loss in First Half of 2023

Hefei Fengle Seed Co.,Ltd. (合肥丰乐种业股份有限公司) (000713.SZ) reported a net loss of 2.7 million yuan in the first half of 2023, reversing a net profit of 16.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 846.6 million yuan in total liabilities, with a liability-to-asset ratio of 29.6%.