Yonyou Network Technology Co.,Ltd. Posted 884.6 Million Yuan Net Loss in First Half of 2023

Yonyou Network Technology Co.,Ltd. (用友网络科技股份有限公司) (600588.SH) reported a net loss of 884.6 million yuan in the first half of 2023, widening 179.1% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 4.7% year-on-year.

At the end of the reporting period, it had 24.3 billion yuan in total assets and 12.2 billion yuan in total liabilities, with a liability-to-asset ratio of 50.3%.