Cict Mobile Communication Technology Co.,Ltd. Posted 87.7 Million Yuan Net Loss in First Half of 2023

Cict Mobile Communication Technology Co.,Ltd. (中信科移动通信技术股份有限公司) (688387.SH) reported a net loss of 87.7 million yuan in the first half of 2023, narrowing 52.5% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 30.2% year-on-year.

At the end of the reporting period, it had 14.8 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 53.2%.