Tech-Bank Food Co.,Ltd. Posted 2.7 Billion Yuan Net Loss in First Three Quarters of 2021

Tech-Bank Food Co.,Ltd. (天邦食品股份有限公司) (002124.SZ) reported a net loss of 2.7 billion yuan in the first three quarters of 2021, reversing a net profit of 2.8 billion yuan for the same period in the previous year.

Meanwhile, the company posted 8.4 billion yuan in revenue, up 5% year-on-year.

At the end of the reporting period, it had 20.5 billion yuan in total assets and 15.3 billion yuan in total liabilities, with a liability-to-asset ratio of 74.5%.

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

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