Jinneng Science&Technology Co.,Ltd. Posted 61 Million Yuan Net Loss in First Half of 2023

Jinneng Science&Technology Co.,Ltd. (金能科技股份有限公司) (603113.SH) reported a net loss of 61 million yuan in the first half of 2023, reversing a net profit of 174.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 7.2 billion yuan in revenue, down 18.2% year-on-year.

At the end of the reporting period, it had 17.2 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.