Netac Technology Co.,Ltd. Posted 20.6 Million Yuan Net Loss in First Half of 2023

Netac Technology Co.,Ltd. (深圳市朗科科技股份有限公司) (300042.SZ) reported a net loss of 20.6 million yuan in the first half of 2023, reversing a net profit of 22.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 705.3 million yuan in revenue, down 11.2% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 115.2 million yuan in total liabilities, with a liability-to-asset ratio of 9.1%.