Comnav Technology Ltd. Posted 1.1 Million Yuan Net Loss in First Three Quarters of 2023

Comnav Technology Ltd. (上海司南卫星导航技术股份有限公司) (688592.SH) reported a net loss of 1.1 million yuan in the first three quarters of 2023, reversing a net profit of 22.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 161.7 million yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 182.1 million yuan in total liabilities, with a liability-to-asset ratio of 15.6%.