Hubei Kaile Science And Technology Co.,Ltd. Posted 6.3 Billion Yuan Net Loss in First Three Quarters of 2021

Hubei Kaile Science And Technology Co.,Ltd. (湖北凯乐科技股份有限公司) (600260.SH) reported a net loss of 6.3 billion yuan in the first three quarters of 2021, reversing a net profit of 596.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 63.1% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 90.1%.

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

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