Ningbo Fangzheng Automobile Mould Co.,Ltd. Posted 8.8 Million Yuan Net Loss in First Half of 2023

Ningbo Fangzheng Automobile Mould Co.,Ltd. (宁波方正汽车模具股份有限公司) (300998.SZ) reported a net loss of 8.8 million yuan in the first half of 2023, reversing a net profit of 7.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 363.6 million yuan in revenue, up 27.4% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 39%.