Shanghai Hongda New Material Co.,Ltd. Posted 11.5 Million Yuan Net Loss in First Half of 2023

Shanghai Hongda New Material Co.,Ltd. (上海宏达新材料股份有限公司) (002211.SZ) reported a net loss of 11.5 million yuan in the first half of 2023, narrowing 37.1% year-on-year.

Meanwhile, the company posted 116.9 million yuan in revenue, down 41.1% year-on-year.

At the end of the reporting period, it had 311.5 million yuan in total assets and 230.3 million yuan in total liabilities, with a liability-to-asset ratio of 73.9%.