Xinjiang Sailing Information Technology Co.,Ltd. Posted 28.2 Million Yuan Net Loss in First Half of 2022

Xinjiang Sailing Information Technology Co.,Ltd. (新疆熙菱信息技术股份有限公司) (300588.SZ) reported a net loss of 28.2 million yuan in the first half of 2022, reversing a net profit of 4.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 70.6 million yuan in revenue, down 1.2% year-on-year.

At the end of the reporting period, it had 913.3 million yuan in total assets and 459.6 million yuan in total liabilities, with a liability-to-asset ratio of 50.3%.