Galaxycore Inc.’s Net Profit Dropped 91% in First Three Quarters of 2023

Galaxycore Inc. (格科微有限公司) (688728.SH) reported a net profit of 49.7 million yuan in the first three quarters of 2023, down 91% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, down 29% year-on-year.

At the end of the reporting period, it had 19.7 billion yuan in total assets and 11.8 billion yuan in total liabilities, with a liability-to-asset ratio of 59.7%.