Guangdong Zhengye Technology Co.,Ltd. Posted 56.4 Million Yuan Net Loss in First Half of 2023

Guangdong Zhengye Technology Co.,Ltd. (广东正业科技股份有限公司) (300410.SZ) reported a net loss of 56.4 million yuan in the first half of 2023, reversing a net profit of 42.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 386 million yuan in revenue, down 39.6% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 67.7%.