Guangzhou Echom Science&Technology Co.,Ltd. Posted 1.6 Million Yuan Net Loss in First Half of 2023

Guangzhou Echom Science&Technology Co.,Ltd. (广州毅昌科技股份有限公司) (002420.SZ) reported a net loss of 1.6 million yuan in the first half of 2023, reversing a net profit of 29.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 17.7% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65%.