Guangdong Dowstone Technology Co.,Ltd. Posted 62.5 Million Yuan Net Loss in First Half of 2023

Guangdong Dowstone Technology Co.,Ltd. (广东道氏技术股份有限公司) (300409.SZ) reported a net loss of 62.5 million yuan in the first half of 2023, reversing a net profit of 281.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.3 billion yuan in revenue, down 10.4% year-on-year.

At the end of the reporting period, it had 15.6 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 53%.