Changzhou Tronly New Electronic Materials Co.,Ltd. Posted 15.1 Million Yuan Net Loss in First Half of 2023

Changzhou Tronly New Electronic Materials Co.,Ltd. (常州强力电子新材料股份有限公司) (300429.SZ) reported a net loss of 15.1 million yuan in the first half of 2023, reversing a net profit of 48.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 388.3 million yuan in revenue, down 29.1% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.