Hunan Zhongke Electric Co.,Ltd. Posted 149.1 Million Yuan Net Loss in First Half of 2023

Hunan Zhongke Electric Co.,Ltd. (湖南中科电气股份有限公司) (300035.SZ) reported a net loss of 149.1 million yuan in the first half of 2023, reversing a net profit of 260.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 9.9% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.