Smartsens Technology(Shanghai) Co.,Ltd. Posted 66.3 Million Yuan Net Loss in First Half of 2023

Smartsens Technology(Shanghai) Co.,Ltd. (思特威(上海)电子科技股份有限公司) (688213.SH) reported a net loss of 66.3 million yuan in the first half of 2023, reversing a net profit of 5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 6.2% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 35.4%.