Chengdu Qinchuan Iot Technology Co.,Ltd. Posted 34.6 Million Yuan Net Loss in First Half of 2023

Chengdu Qinchuan Iot Technology Co.,Ltd. (成都秦川物联网科技股份有限公司) (688528.SH) reported a net loss of 34.6 million yuan in the first half of 2023, widening 461.4% year-on-year.

Meanwhile, the company posted 133.1 million yuan in revenue, down 13.5% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 316.5 million yuan in total liabilities, with a liability-to-asset ratio of 30.7%.