Addsino Co.,Ltd. Posted 561.4 Million Yuan Net Loss in First Three Quarters of 2023

Addsino Co.,Ltd. (航天工业发展股份有限公司) (000547.SZ) reported a net loss of 561.4 million yuan in the first three quarters of 2023, reversing a net profit of 209.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 36.7% year-on-year.

At the end of the reporting period, it had 13.9 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 31.2%.