Hubei Guochuang Hi-Tech Material Co.,Ltd. Posted 63.1 Million Yuan Net Loss in First Half of 2023

Hubei Guochuang Hi-Tech Material Co.,Ltd. (湖北国创高新材料股份有限公司) (002377.SZ) reported a net loss of 63.1 million yuan in the first half of 2023, narrowing 63.7% year-on-year.

Meanwhile, the company posted 500 million yuan in revenue, down 48.6% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 586.5 million yuan in total liabilities, with a liability-to-asset ratio of 48.3%.