Fujian Tianma Science And Technology Group Co.,Ltd. Posted 8.9 Million Yuan Net Loss in First Half of 2023

Fujian Tianma Science And Technology Group Co.,Ltd. (福建天马科技集团股份有限公司) (603668.SH) reported a net loss of 8.9 million yuan in the first half of 2023, reversing a net profit of 172.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 70.4%.