Xuancheng Valin Precision Technology Co.,Ltd. Posted 37.9 Million Yuan Net Loss in First Half of 2023

Xuancheng Valin Precision Technology Co.,Ltd. (宣城市华菱精工科技股份有限公司) (603356.SH) reported a net loss of 37.9 million yuan in the first half of 2023, widening 229.4% year-on-year.

Meanwhile, the company posted 756.3 million yuan in revenue, up 9.2% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 51.5%.