Grace Fabric Technology Co.,Ltd. Posted 43.5 Million Yuan Net Loss in First Three Quarters of 2023

Grace Fabric Technology Co.,Ltd. (宏和电子材料科技股份有限公司) (603256.SH) reported a net loss of 43.5 million yuan in the first three quarters of 2023, reversing a net profit of 41.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 496.8 million yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.