Baoding Tianwei Baobian Electric Co.,Ltd. Posted 37.3 Million Yuan Net Loss in First Half of 2023

Baoding Tianwei Baobian Electric Co.,Ltd. (保定天威保变电气股份有限公司) (600550.SH) reported a net loss of 37.3 million yuan in the first half of 2023, reversing a net profit of 15.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 6% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 85.5%.