Jiangsu Fasten Co.,Ltd. Posted 22.8 Million Yuan Net Loss in First Half of 2023

Jiangsu Fasten Co.,Ltd. (江苏法尔胜股份有限公司) (000890.SZ) reported a net loss of 22.8 million yuan in the first half of 2023, widening 51.1% year-on-year.

Meanwhile, the company posted 234.3 million yuan in revenue, down 37% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 88.4%.