Everdisplay Optronics(Shanghai) Co.,Ltd. Posted 1.3 Billion Yuan Net Loss in First Half of 2023

Everdisplay Optronics(Shanghai) Co.,Ltd. (上海和辉光电股份有限公司) (688538.SH) reported a net loss of 1.3 billion yuan in the first half of 2023, widening 173.5% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 23.4% year-on-year.

At the end of the reporting period, it had 29.6 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.