Hillstone Networks Co.,Ltd. Posted 113.4 Million Yuan Net Loss in First Half of 2023

Hillstone Networks Co.,Ltd. (山石网科通信技术股份有限公司) (688030.SH) reported a net loss of 113.4 million yuan in the first half of 2023, widening 47.4% year-on-year.

Meanwhile, the company posted 373.3 million yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 695.8 million yuan in total liabilities, with a liability-to-asset ratio of 36.5%.