Hangzhou Hopechart Iot Technology Co.,Ltd. Posted 33 Million Yuan Net Loss in First Half of 2022

Hangzhou Hopechart Iot Technology Co.,Ltd. (杭州鸿泉物联网技术股份有限公司) (688288.SH) reported a net loss of 33 million yuan in the first half of 2022, reversing a net profit of 40.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 119.7 million yuan in revenue, down 52.3% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 158.2 million yuan in total liabilities, with a liability-to-asset ratio of 15.2%.