Beijing Hezong Science&Technology Co.,Ltd. Posted 288.3 Million Yuan Net Loss in First Three Quarters of 2023

Beijing Hezong Science&Technology Co.,Ltd. (北京合纵科技股份有限公司) (300477.SZ) reported a net loss of 288.3 million yuan in the first three quarters of 2023, reversing a net profit of 147.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 2% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.