Kunshan Kersen Science&Technology Co.,Ltd. Posted 69.2 Million Yuan Net Loss in First Half of 2023

Kunshan Kersen Science&Technology Co.,Ltd. (昆山科森科技股份有限公司) (603626.SH) reported a net loss of 69.2 million yuan in the first half of 2023, reversing a net profit of 20.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 17.2% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 43.3%.