Sichuan Hongda Co.,Ltd. Posted 66.5 Million Yuan Net Loss in First Half of 2023

Sichuan Hongda Co.,Ltd. (四川宏达股份有限公司) (600331.SH) reported a net loss of 66.5 million yuan in the first half of 2023, reversing a net profit of 114.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 82.5%.