Fengxing Co.,Ltd. Posted 17.8 Million Yuan Net Loss in First Three Quarters of 2023

Fengxing Co.,Ltd. (凤形股份有限公司) (002760.SZ) reported a net loss of 17.8 million yuan in the first three quarters of 2023, reversing a net profit of 45.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 519.9 million yuan in revenue, down 8.8% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 618.8 million yuan in total liabilities, with a liability-to-asset ratio of 39.5%.