Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. Posted 10.9 Million Yuan Net Loss in First Half of 2023

Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. (杭州高新橡塑材料股份有限公司) (300478.SZ) reported a net loss of 10.9 million yuan in the first half of 2023, reversing a net profit of 614,415 yuan for the same period in the previous year.

Meanwhile, the company posted 169.2 million yuan in revenue, up 2% year-on-year.

At the end of the reporting period, it had 322.1 million yuan in total assets and 264.4 million yuan in total liabilities, with a liability-to-asset ratio of 82.1%.