Elec-Tech International Co.,Ltd. Posted 204.5 Million Yuan Net Loss in First Three Quarters of 2023

Elec-Tech International Co.,Ltd. (安徽德豪润达电气股份有限公司) (002005.SZ) reported a net loss of 204.5 million yuan in the first three quarters of 2023, narrowing 11.6% year-on-year.

Meanwhile, the company posted 590.6 million yuan in revenue, down 39.6% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 58.8%.