Caixin
Oct 31, 2021 08:00 AM

Offcn Education Technology Co.,Ltd. Posted 890.9 Million Yuan Net Loss in First Three Quarters of 2021

Offcn Education Technology Co.,Ltd. (中公教育科技股份有限公司) (002607.SZ) reported a net loss of 890.9 million yuan in the first three quarters of 2021, reversing a net profit of 1.3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 6.3 billion yuan in revenue, down 15.3% year-on-year.

At the end of the reporting period, it had 12.2 billion yuan in total assets and 8.8 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.

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

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.

Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00