Jiangsu Lopal Tech Co.,Ltd. Posted 811.6 Million Yuan Net Loss in First Half of 2023

Jiangsu Lopal Tech Co.,Ltd. (江苏龙蟠科技股份有限公司) (603906.SH) reported a net loss of 811.6 million yuan in the first half of 2023, reversing a net profit of 613 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.8 billion yuan in revenue, down 36.5% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 12.7 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.