Zhejiang Yangfan New Materials Co.,Ltd. Posted 3.9 Million Yuan Net Loss in First Half of 2023

Zhejiang Yangfan New Materials Co.,Ltd. (浙江扬帆新材料股份有限公司) (300637.SZ) reported a net loss of 3.9 million yuan in the first half of 2023, reversing a net profit of 13.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 382.3 million yuan in revenue, down 6.7% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 631.1 million yuan in total liabilities, with a liability-to-asset ratio of 45.2%.