Sino Geophysical Co.,Ltd. Posted 97.5 Million Yuan Net Loss in First Three Quarters of 2023

Sino Geophysical Co.,Ltd. (潜能恒信能源技术股份有限公司) (300191.SZ) reported a net loss of 97.5 million yuan in the first three quarters of 2023, reversing a net profit of 42.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 340.8 million yuan in revenue, down 6.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 946.6 million yuan in total liabilities, with a liability-to-asset ratio of 44.9%.