Kingenta Ecological Engineering Group Co.,Ltd. Posted 151 Million Yuan Net Loss in First Half of 2023

Kingenta Ecological Engineering Group Co.,Ltd. (金正大生态工程集团股份有限公司) (002470.SZ) reported a net loss of 151 million yuan in the first half of 2023, reversing a net profit of 28 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.7 billion yuan in revenue, down 21.5% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 10 billion yuan in total liabilities, with a liability-to-asset ratio of 77.6%.