Xingyuan Environment Technology Co.,Ltd. Posted 253.9 Million Yuan Net Loss in First Half of 2023

Xingyuan Environment Technology Co.,Ltd. (兴源环境科技股份有限公司) (300266.SZ) reported a net loss of 253.9 million yuan in the first half of 2023, widening 181.5% year-on-year.

Meanwhile, the company posted 429.8 million yuan in revenue, down 34.8% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 87%.