Guangzhou Hi-Target Navigation Tech Co.,Ltd. Posted 18.7 Million Yuan Net Loss in First Half of 2023

Guangzhou Hi-Target Navigation Tech Co.,Ltd. (广州中海达卫星导航技术股份有限公司) (300177.SZ) reported a net loss of 18.7 million yuan in the first half of 2023, reversing a net profit of 58.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 586.2 million yuan in revenue, up 4% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41%.