Beijing Topnew Info&Tech Co.,Ltd. Posted 3.4 Million Yuan Net Loss in First Half of 2023

Beijing Topnew Info&Tech Co.,Ltd. (北京铜牛信息科技股份有限公司) (300895.SZ) reported a net loss of 3.4 million yuan in the first half of 2023, reversing a net profit of 12.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 157 million yuan in revenue, down 48.6% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 114.6 million yuan in total liabilities, with a liability-to-asset ratio of 9.2%.