Globe(Jiangsu) Co.,Ltd. Posted 174.9 Million Yuan Net Loss in First Three Quarters of 2023

Globe(Jiangsu) Co.,Ltd. (格力博(江苏)股份有限公司) (301260.SZ) reported a net loss of 174.9 million yuan in the first three quarters of 2023, reversing a net profit of 201.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 16.9% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.