Raisecom Technology Co.,Ltd. Posted 37.5 Million Yuan Net Loss in First Half of 2023

Raisecom Technology Co.,Ltd. (瑞斯康达科技发展股份有限公司) (603803.SH) reported a net loss of 37.5 million yuan in the first half of 2023, reversing a net profit of 30.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 771.2 million yuan in revenue, down 20.1% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 37.3%.