Jiangsu Huahong Technology Stock Co.,Ltd. Posted 200.4 Million Yuan Net Loss in First Half of 2023

Jiangsu Huahong Technology Stock Co.,Ltd. (江苏华宏科技股份有限公司) (002645.SZ) reported a net loss of 200.4 million yuan in the first half of 2023, reversing a net profit of 387.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 24.3% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 38.9%.