Cloudwalk Technology Co.,Ltd. Posted 413 Million Yuan Net Loss in First Three Quarters of 2023

Cloudwalk Technology Co.,Ltd. (云从科技集团股份有限公司) (688327.SH) reported a net loss of 413 million yuan in the first three quarters of 2023, narrowing 32.2% year-on-year.

Meanwhile, the company posted 345.9 million yuan in revenue, down 24.1% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 44.6%.