Hundsun Technologies Inc. Posted 90.8 Million Yuan Net Loss in First Half of 2022

Hundsun Technologies Inc. (恒生电子股份有限公司) (600570.SH) reported a net loss of 90.8 million yuan in the first half of 2022, reversing a net profit of 731.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 16.3% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45%.