Adama Ltd. Posted 242.2 Million Yuan Net Loss in First Half of 2023

Adama Ltd. (安道麦股份有限公司) (000553.SZ) reported a net loss of 242.2 million yuan in the first half of 2023, reversing a net profit of 732.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 17.3 billion yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 59.9 billion yuan in total assets and 36.3 billion yuan in total liabilities, with a liability-to-asset ratio of 60.5%.