Shenzhen Minkave Technology Co.,Ltd. Posted 37.6 Million Yuan Net Loss in First Half of 2022

Shenzhen Minkave Technology Co.,Ltd. (深圳市名家汇科技股份有限公司) (300506.SZ) reported a net loss of 37.6 million yuan in the first half of 2022, reversing a net profit of 3.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 148.7 million yuan in revenue, down 61.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.