Guangxi Xinxunda Technology Group Co.,Ltd. Posted 11.6 Million Yuan Net Loss in First Three Quarters of 2023

Guangxi Xinxunda Technology Group Co.,Ltd. (深圳市盛讯达科技股份有限公司) (300518.SZ) reported a net loss of 11.6 million yuan in the first three quarters of 2023, reversing a net profit of 84.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 273.7 million yuan in revenue, down 32.2% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 265.6 million yuan in total liabilities, with a liability-to-asset ratio of 14.8%.