Guangzhou Fangbang Electronics Co.,Ltd. Posted 49.6 Million Yuan Net Loss in First Three Quarters of 2023

Guangzhou Fangbang Electronics Co.,Ltd. (广州方邦电子股份有限公司) (688020.SH) reported a net loss of 49.6 million yuan in the first three quarters of 2023, narrowing 3.9% year-on-year.

Meanwhile, the company posted 269.3 million yuan in revenue, up 12.5% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 419.3 million yuan in total liabilities, with a liability-to-asset ratio of 21.6%.