Shanghai Shibei Hi-Tech Co.,Ltd. Posted 19.6 Million Yuan Net Loss in First Half of 2023

Shanghai Shibei Hi-Tech Co.,Ltd. (上海市北高新股份有限公司) (600604.SH) reported a net loss of 19.6 million yuan in the first half of 2023, reversing a net profit of 14.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 526 million yuan in revenue, down 20.8% year-on-year.

At the end of the reporting period, it had 22.2 billion yuan in total assets and 13.7 billion yuan in total liabilities, with a liability-to-asset ratio of 61.7%.