Shenzhen Hongtao Group Co.,Ltd. Posted 169.1 Million Yuan Net Loss in First Half of 2023

Shenzhen Hongtao Group Co.,Ltd. (深圳洪涛集团股份有限公司) (002325.SZ) reported a net loss of 169.1 million yuan in the first half of 2023, widening 20.2% year-on-year.

Meanwhile, the company posted 351.3 million yuan in revenue, down 62.1% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.1%.