Dbappsecurity Co.,Ltd. Posted 542.6 Million Yuan Net Loss in First Three Quarters of 2023

Dbappsecurity Co.,Ltd. (杭州安恒信息技术股份有限公司) (688023.SH) reported a net loss of 542.6 million yuan in the first three quarters of 2023, widening 18.3% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 16.1% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.