Konka Group Co.,Ltd. Posted 328.4 Million Yuan Net Loss in First Half of 2023

Konka Group Co.,Ltd. (康佳集团股份有限公司) (000016.SZ) reported a net loss of 328.4 million yuan in the first half of 2023, reversing a net profit of 58.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 10.5 billion yuan in revenue, down 38% year-on-year.

At the end of the reporting period, it had 38.9 billion yuan in total assets and 30.7 billion yuan in total liabilities, with a liability-to-asset ratio of 78.9%.