Beijing Hezong Science&Technology Co.,Ltd. Posted 127.6 Million Yuan Net Loss in First Half of 2023

Beijing Hezong Science&Technology Co.,Ltd. (北京合纵科技股份有限公司) (300477.SZ) reported a net loss of 127.6 million yuan in the first half of 2023, reversing a net profit of 126.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 14.1% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 61%.