Shanghai Feilo Acoustics Co.,Ltd. Posted 157.1 Million Yuan Net Loss in First Three Quarters of 2021

Shanghai Feilo Acoustics Co.,Ltd. (上海飞乐音响股份有限公司) (600651.SH) reported a net loss of 157.1 million yuan in the first three quarters of 2021, reversing a net profit of 666.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 5.9% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 71.5%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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