Shenzhen Australis Electronic Technology Co.,Ltd. Posted 78.7 Million Yuan Net Loss in First Half of 2023

Shenzhen Australis Electronic Technology Co.,Ltd. (深圳市南极光电子科技股份有限公司) (300940.SZ) reported a net loss of 78.7 million yuan in the first half of 2023, reversing a net profit of 8.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 244.3 million yuan in revenue, down 43.2% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 448.4 million yuan in total liabilities, with a liability-to-asset ratio of 37.5%.