Everbright Jiabao Co.,Ltd. Posted 594.9 Million Yuan Net Loss in First Three Quarters of 2023

Everbright Jiabao Co.,Ltd. (光大嘉宝股份有限公司) (600622.SH) reported a net loss of 594.9 million yuan in the first three quarters of 2023, reversing a net profit of 187 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 23.5% year-on-year.

At the end of the reporting period, it had 27 billion yuan in total assets and 18.6 billion yuan in total liabilities, with a liability-to-asset ratio of 69%.