Shanghai Safbon Water Service(Holding) Inc. Posted 72 Million Yuan Net Loss in First Half of 2023

Shanghai Safbon Water Service(Holding) Inc. (上海巴安水务股份有限公司) (300262.SZ) reported a net loss of 72 million yuan in the first half of 2023, narrowing 45.6% year-on-year.

Meanwhile, the company posted 150.4 million yuan in revenue, up 22.5% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 99.1%.