Mgi Tech Co.,Ltd. Posted 95.9 Million Yuan Net Loss in First Half of 2023

Mgi Tech Co.,Ltd. (深圳华大智造科技股份有限公司) (688114.SH) reported a net loss of 95.9 million yuan in the first half of 2023, reversing a net profit of 342.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 38.9% year-on-year.

At the end of the reporting period, it had 11.4 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 18.8%.