Cloudwalk Technology Co.,Ltd. Posted 315.3 Million Yuan Net Loss in First Half of 2023

Cloudwalk Technology Co.,Ltd. (云从科技集团股份有限公司) (688327.SH) reported a net loss of 315.3 million yuan in the first half of 2023, narrowing 5.3% year-on-year.

Meanwhile, the company posted 163.6 million yuan in revenue, down 58.2% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.6%.