Global Top E-Commerce Co.,Ltd. Posted 15.6 Million Yuan Net Loss in First Three Quarters of 2023

Global Top E-Commerce Co.,Ltd. (跨境通宝电子商务股份有限公司) (002640.SZ) reported a net loss of 15.6 million yuan in the first three quarters of 2023, reversing a net profit of 9.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 5 billion yuan in revenue, down 1.7% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 68.8%.