Suzhou Thvow Technology Co.,Ltd. Posted 14 Million Yuan Net Loss in First Half of 2022

Suzhou Thvow Technology Co.,Ltd. (苏州天沃科技股份有限公司) (002564.SZ) reported a net loss of 14 million yuan in the first half of 2022, reversing a net profit of 20.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 45.2% year-on-year.

At the end of the reporting period, it had 28 billion yuan in total assets and 25.7 billion yuan in total liabilities, with a liability-to-asset ratio of 92.1%.