Shanghai Awinic Technology Co.,Ltd. Posted 69.7 Million Yuan Net Loss in First Half of 2023

Shanghai Awinic Technology Co.,Ltd. (上海艾为电子技术股份有限公司) (688798.SH) reported a net loss of 69.7 million yuan in the first half of 2023, reversing a net profit of 130.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 22.3% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 26.9%.