Beijing Jingcheng Machinery Electric Company Limited Posted 60.4 Million Yuan Net Loss in First Three Quarters of 2023

Beijing Jingcheng Machinery Electric Company Limited (北京京城机电股份有限公司) (600860.SH) reported a net loss of 60.4 million yuan in the first three quarters of 2023, reversing a net profit of 21.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 2.2% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.