Shenzhen Australis Electronic Technology Co.,Ltd. Posted 17.9 Million Yuan Net Loss in First Three Quarters of 2022

Shenzhen Australis Electronic Technology Co.,Ltd. (深圳市南极光电子科技股份有限公司) (300940.SZ) reported a net loss of 17.9 million yuan in the first three quarters of 2022, reversing a net profit of 37.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 561 million yuan in revenue, down 27.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 530.7 million yuan in total liabilities, with a liability-to-asset ratio of 38.3%.