Guangzhou Lushan New Materials Co.,Ltd. Posted 67 Million Yuan Net Loss in First Half of 2023

Guangzhou Lushan New Materials Co.,Ltd. (广州鹿山新材料股份有限公司) (603051.SH) reported a net loss of 67 million yuan in the first half of 2023, reversing a net profit of 77.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 11.3% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.