Guangzhou Goaland Energy Conservation Tech Co.,Ltd. Posted 4.4 Million Yuan Net Loss in First Three Quarters of 2023

Guangzhou Goaland Energy Conservation Tech Co.,Ltd. (广州高澜节能技术股份有限公司) (300499.SZ) reported a net loss of 4.4 million yuan in the first three quarters of 2023, reversing a net profit of 37.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 403.5 million yuan in revenue, down 71.6% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 370 million yuan in total liabilities, with a liability-to-asset ratio of 20.6%.