Caihong Display Devices Co.,Ltd. Posted 269.8 Million Yuan Net Loss in First Half of 2023

Caihong Display Devices Co.,Ltd. (彩虹显示器件股份有限公司) (600707.SH) reported a net loss of 269.8 million yuan in the first half of 2023, narrowing 76.5% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 40.3 billion yuan in total assets and 20.8 billion yuan in total liabilities, with a liability-to-asset ratio of 51.5%.