Allwin Telecommunication Co.,Ltd. Posted 2 Million Yuan Net Loss in First Three Quarters of 2023

Allwin Telecommunication Co.,Ltd. (奥维通信股份有限公司) (002231.SZ) reported a net loss of 2 million yuan in the first three quarters of 2023, narrowing 54.3% year-on-year.

Meanwhile, the company posted 99.4 million yuan in revenue, down 39.2% year-on-year.

At the end of the reporting period, it had 517.3 million yuan in total assets and 169.4 million yuan in total liabilities, with a liability-to-asset ratio of 32.8%.