Anhui Sinonet&Xinlong Science&Technology Co.,Ltd. Posted 126.8 Million Yuan Net Loss in First Three Quarters of 2023

Anhui Sinonet&Xinlong Science&Technology Co.,Ltd. (安徽中电兴发与鑫龙科技股份有限公司) (002298.SZ) reported a net loss of 126.8 million yuan in the first three quarters of 2023, reversing a net profit of 120.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 32.7% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 41.3%.