Ligeance Aerospace Technology Co.,Ltd. Posted 162.9 Million Yuan Net Loss in First Half of 2023

Ligeance Aerospace Technology Co.,Ltd. (炼石航空科技股份有限公司) (000697.SZ) reported a net loss of 162.9 million yuan in the first half of 2023, narrowing 11.9% year-on-year.

Meanwhile, the company posted 704.8 million yuan in revenue, up 17.8% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 118.2%.