Kraussmaffei Company Limited Posted 881 Million Yuan Net Loss in First Half of 2023

Kraussmaffei Company Limited (克劳斯玛菲股份有限公司) (600579.SH) reported a net loss of 881 million yuan in the first half of 2023, widening 154.4% year-on-year.

Meanwhile, the company posted 5.6 billion yuan in revenue, up 26.5% year-on-year.

At the end of the reporting period, it had 20.5 billion yuan in total assets and 15.2 billion yuan in total liabilities, with a liability-to-asset ratio of 74%.