Fulin Precision Co.,Ltd. Posted 344.2 Million Yuan Net Loss in First Half of 2023

Fulin Precision Co.,Ltd. (富临精工股份有限公司) (300432.SZ) reported a net loss of 344.2 million yuan in the first half of 2023, reversing a net profit of 354 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 13.9% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 51%.