Shenzhen Longsys Electronics Co.,Ltd. Posted 595.9 Million Yuan Net Loss in First Half of 2023

Shenzhen Longsys Electronics Co.,Ltd. (深圳市江波龙电子股份有限公司) (301308.SZ) reported a net loss of 595.9 million yuan in the first half of 2023, reversing a net profit of 370.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 24.4% year-on-year.

At the end of the reporting period, it had 9.3 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 33.7%.