Guangzhou Hi-Target Navigation Tech Co.,Ltd. Posted 41.1 Million Yuan Net Loss in First Three Quarters of 2023

Guangzhou Hi-Target Navigation Tech Co.,Ltd. (广州中海达卫星导航技术股份有限公司) (300177.SZ) reported a net loss of 41.1 million yuan in the first three quarters of 2023, reversing a net profit of 11.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 886.3 million yuan in revenue, up 3.1% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41.3%.