Phenix Optics Company Limited Posted 14.2 Million Yuan Net Loss in First Three Quarters of 2022

Phenix Optics Company Limited (凤凰光学股份有限公司) (600071.SH) reported a net loss of 14.2 million yuan in the first three quarters of 2022, reversing a net profit of 6.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 18.9% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 66.4%.