Xingmin Intelligent Transportation Systems(Group) Co.,Ltd. Posted 125.6 Million Yuan Net Loss in First Half of 2023

Xingmin Intelligent Transportation Systems(Group) Co.,Ltd. (兴民智通(集团)股份有限公司) (002355.SZ) reported a net loss of 125.6 million yuan in the first half of 2023, narrowing 26.7% year-on-year.

Meanwhile, the company posted 429.9 million yuan in revenue, down 1.8% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.