Forehope Electronic(Ningbo) Co.,Ltd. Posted 140.2 Million Yuan Net Loss in First Three Quarters of 2023

Forehope Electronic(Ningbo) Co.,Ltd. (甬矽电子(宁波)股份有限公司) (688362.SH) reported a net loss of 140.2 million yuan in the first three quarters of 2023, reversing a net profit of 206 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 4.9% year-on-year.

At the end of the reporting period, it had 11 billion yuan in total assets and 7.4 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.