Ningbo Xianfeng New Material Co.,Ltd. Posted 3.7 Million Yuan Net Loss in First Half of 2023

Ningbo Xianfeng New Material Co.,Ltd. (宁波先锋新材料股份有限公司) (300163.SZ) reported a net loss of 3.7 million yuan in the first half of 2023, reversing a net profit of 4.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 132.2 million yuan in revenue, down 25.4% year-on-year.

At the end of the reporting period, it had 626.4 million yuan in total assets and 36.2 million yuan in total liabilities, with a liability-to-asset ratio of 5.8%.