Harbin Xinguang Optic-Electronics Technology Co.,Ltd. Posted 16 Million Yuan Net Loss in First Half of 2023

Harbin Xinguang Optic-Electronics Technology Co.,Ltd. (哈尔滨新光光电科技股份有限公司) (688011.SH) reported a net loss of 16 million yuan in the first half of 2023, reversing a net profit of 5.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 61.8 million yuan in revenue, up 5.9% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 159.9 million yuan in total liabilities, with a liability-to-asset ratio of 12%.