Hefei Fengle Seed Co.,Ltd. Posted 30.8 Million Yuan Net Loss in First Three Quarters of 2023

Hefei Fengle Seed Co.,Ltd. (合肥丰乐种业股份有限公司) (000713.SZ) reported a net loss of 30.8 million yuan in the first three quarters of 2023, reversing a net profit of 3.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 0.4% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.