Nano Labs Reports Increased Assets and Liabilities
Company Announcements

Nano Labs Reports Increased Assets and Liabilities

Nano Labs Ltd. Sponsored ADR Class A (NA) has released an update.

Nano Labs Ltd, in its latest unaudited financial statements, reports a substantial increase in total assets from RMB 350.3 million as of December 31, 2023, to RMB 364.9 million by June 30, 2024. However, the company also saw an increase in total liabilities over the same period and a deepening shareholders’ deficit, indicating potential financial challenges ahead. Revenue for the first half of 2024 dropped significantly compared to the same period in 2023, with a slight gross profit reported after a previous gross loss.

For further insights into NA stock, check out TipRanks’ Stock Analysis page.

Related Articles
Samuel O'BrientIs Nano Labs (NASDAQ:NA) the Next Big Short Squeze?
TipRanks Auto-Generated NewsdeskNano Labs Embraces Bitcoin to Enhance Global Transactions
TheFlyNano Labs starts accepting payments in Bitcoin
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App