Fanli Digital Technology Co.,Ltd. Posted 12.7 Million Yuan Net Loss in First Three Quarters of 2023

Fanli Digital Technology Co.,Ltd. (返利网数字科技股份有限公司) (600228.SH) reported a net loss of 12.7 million yuan in the first three quarters of 2023, reversing a net profit of 47.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 192.9 million yuan in revenue, down 45.5% year-on-year.

At the end of the reporting period, it had 696.8 million yuan in total assets and 192.5 million yuan in total liabilities, with a liability-to-asset ratio of 27.6%.