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.

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