Farasis Energy(Gan Zhou) Co.,Ltd. Posted 797.1 Million Yuan Net Loss in First Half of 2023

Farasis Energy(Gan Zhou) Co.,Ltd. (孚能科技(赣州)股份有限公司) (688567.SH) reported a net loss of 797.1 million yuan in the first half of 2023, widening 399.8% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, up 33.7% year-on-year.

At the end of the reporting period, it had 28.3 billion yuan in total assets and 17 billion yuan in total liabilities, with a liability-to-asset ratio of 60%.