Fujian Tianma Science And Technology Group Co.,Ltd. Posted 56.8 Million Yuan Net Loss in First Three Quarters of 2023

Fujian Tianma Science And Technology Group Co.,Ltd. (福建天马科技集团股份有限公司) (603668.SH) reported a net loss of 56.8 million yuan in the first three quarters of 2023, reversing a net profit of 271.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.3 billion yuan in revenue, down 0.2% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.