Suzhou Thvow Technology Co.,Ltd. Posted 345 Million Yuan Net Loss in First Half of 2023

Suzhou Thvow Technology Co.,Ltd. (苏州天沃科技股份有限公司) (002564.SZ) reported a net loss of 345 million yuan in the first half of 2023, widening 2358.6% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 13.9% year-on-year.

At the end of the reporting period, it had 22.7 billion yuan in total assets and 25.2 billion yuan in total liabilities, with a liability-to-asset ratio of 111.1%.