Hongda Xingye Co.,Ltd. Posted 480.4 Million Yuan Net Loss in First Half of 2023

Hongda Xingye Co.,Ltd. (鸿达兴业股份有限公司) (002002.SZ) reported a net loss of 480.4 million yuan in the first half of 2023, reversing a net profit of 275.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 24.5% year-on-year.

At the end of the reporting period, it had 18.6 billion yuan in total assets and 8.8 billion yuan in total liabilities, with a liability-to-asset ratio of 47.2%.