Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. Posted 19.3 Million Yuan Net Loss in First Three Quarters of 2023

Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. (杭州华星创业通信技术股份有限公司) (300025.SZ) reported a net loss of 19.3 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 518.7 million yuan in revenue, up 8.9% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 271.9 million yuan in total liabilities, with a liability-to-asset ratio of 28.5%.