Hangzhou Raycloud Technology Co.,Ltd. Posted 43.1 Million Yuan Net Loss in First Half of 2023

Hangzhou Raycloud Technology Co.,Ltd. (杭州光云科技股份有限公司) (688365.SH) reported a net loss of 43.1 million yuan in the first half of 2023, narrowing 48.8% year-on-year.

Meanwhile, the company posted 233.4 million yuan in revenue, down 6.9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 467.6 million yuan in total liabilities, with a liability-to-asset ratio of 31.9%.