Sino Geophysical Co.,Ltd. Posted 88.5 Million Yuan Net Loss in First Half of 2023

Sino Geophysical Co.,Ltd. (潜能恒信能源技术股份有限公司) (300191.SZ) reported a net loss of 88.5 million yuan in the first half of 2023, reversing a net profit of 26.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 217.6 million yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 764.8 million yuan in total liabilities, with a liability-to-asset ratio of 39.5%.