Wuhan Citms Technology Co.,Ltd. Posted 7.1 Million Yuan Net Loss in First Half of 2023

Wuhan Citms Technology Co.,Ltd. (武汉中科通达高新技术股份有限公司) (688038.SH) reported a net loss of 7.1 million yuan in the first half of 2023, reversing a net profit of 7.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 123.7 million yuan in revenue, down 11.9% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 672.2 million yuan in total liabilities, with a liability-to-asset ratio of 48.5%.