Zhongtong Guomai Communication Co.,Ltd. Posted 47.5 Million Yuan Net Loss in First Half of 2023

Zhongtong Guomai Communication Co.,Ltd. (中通国脉通信股份有限公司) (603559.SH) reported a net loss of 47.5 million yuan in the first half of 2023, widening 51.8% year-on-year.

Meanwhile, the company posted 111.6 million yuan in revenue, down 25.4% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 936.2 million yuan in total liabilities, with a liability-to-asset ratio of 74.8%.