Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. Posted 14.9 Million Yuan Net Loss in First Half of 2023

Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. (杭州华星创业通信技术股份有限公司) (300025.SZ) reported a net loss of 14.9 million yuan in the first half of 2023, reversing a net profit of 6.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 333.2 million yuan in revenue, up 12.5% year-on-year.

At the end of the reporting period, it had 931.1 million yuan in total assets and 263.7 million yuan in total liabilities, with a liability-to-asset ratio of 28.3%.