Utour Group Co.,Ltd. Posted 37.8 Million Yuan Net Loss in First Half of 2023

Utour Group Co.,Ltd. (众信旅游集团股份有限公司) (002707.SZ) reported a net loss of 37.8 million yuan in the first half of 2023, narrowing 59.9% year-on-year.

Meanwhile, the company posted 792.4 million yuan in revenue, up 528.6% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 81.5%.