Bright Oceans Inter-Telecom Corporation Posted 859.1 Million Yuan Net Loss in First Three Quarters of 2023

Bright Oceans Inter-Telecom Corporation (亿阳信通股份有限公司) (600289.SH) reported a net loss of 859.1 million yuan in the first three quarters of 2023, widening 477.2% year-on-year.

Meanwhile, the company posted 140.2 million yuan in revenue, down 16.6% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 65.1%.