Xinjiang Sailing Information Technology Co.,Ltd. Posted 11 Million Yuan Net Loss in First Half of 2023

Xinjiang Sailing Information Technology Co.,Ltd. (新疆熙菱信息技术股份有限公司) (300588.SZ) reported a net loss of 11 million yuan in the first half of 2023, narrowing 61.1% year-on-year.

Meanwhile, the company posted 82.6 million yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 822.2 million yuan in total assets and 411.2 million yuan in total liabilities, with a liability-to-asset ratio of 50%.