Hangzhou Hopechart Iot Technology Co.,Ltd. Posted 36.6 Million Yuan Net Loss in First Three Quarters of 2023

Hangzhou Hopechart Iot Technology Co.,Ltd. (杭州鸿泉物联网技术股份有限公司) (688288.SH) reported a net loss of 36.6 million yuan in the first three quarters of 2023, narrowing 40.3% year-on-year.

Meanwhile, the company posted 291.5 million yuan in revenue, up 62.7% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 230.2 million yuan in total liabilities, with a liability-to-asset ratio of 22.8%.