Bright Oceans Inter-Telecom Corporation Posted 95 Million Yuan Net Loss in First Half of 2023

Bright Oceans Inter-Telecom Corporation (亿阳信通股份有限公司) (600289.SH) reported a net loss of 95 million yuan in the first half of 2023, narrowing 2.2% year-on-year.

Meanwhile, the company posted 99.5 million yuan in revenue, down 25.6% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 618.8 million yuan in total liabilities, with a liability-to-asset ratio of 31%.