Greatoo Intelligent Equipment Inc. Posted 13.6 Million Yuan Net Loss in First Three Quarters of 2023

Greatoo Intelligent Equipment Inc. (巨轮智能装备股份有限公司) (002031.SZ) reported a net loss of 13.6 million yuan in the first three quarters of 2023, reversing a net profit of 6.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 538.6 million yuan in revenue, down 27.9% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.