Shenzhen Kexin Communication Technologies Co.,Ltd. Posted 68 Million Yuan Net Loss in First Half of 2023

Shenzhen Kexin Communication Technologies Co.,Ltd. (深圳市科信通信技术股份有限公司) (300565.SZ) reported a net loss of 68 million yuan in the first half of 2023, reversing a net profit of 6.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 292.4 million yuan in revenue, down 34.4% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 72.1%.