Guangzhou Frontop Digital Creative Technology Co.,Ltd. Posted 17.5 Million Yuan Net Loss in First Half of 2023

Guangzhou Frontop Digital Creative Technology Co.,Ltd. (广州凡拓数字创意科技股份有限公司) (301313.SZ) reported a net loss of 17.5 million yuan in the first half of 2023, reversing a net profit of 7.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 218.4 million yuan in revenue, down 19.3% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 379.5 million yuan in total liabilities, with a liability-to-asset ratio of 27.4%.