Strait Innovation Internet Co.,Ltd. Posted 61.4 Million Yuan Net Loss in First Half of 2022

Strait Innovation Internet Co.,Ltd. (海峡创新互联网股份有限公司) (300300.SZ) reported a net loss of 61.4 million yuan in the first half of 2022, reversing a net profit of 32 million yuan for the same period in the previous year.

Meanwhile, the company posted 65.7 million yuan in revenue, down 79% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 923.7 million yuan in total liabilities, with a liability-to-asset ratio of 65.6%.