Hillstone Networks Co.,Ltd. Posted 170.2 Million Yuan Net Loss in First Three Quarters of 2023

Hillstone Networks Co.,Ltd. (山石网科通信技术股份有限公司) (688030.SH) reported a net loss of 170.2 million yuan in the first three quarters of 2023, widening 337.2% year-on-year.

Meanwhile, the company posted 700.3 million yuan in revenue, down 1.9% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 732.6 million yuan in total liabilities, with a liability-to-asset ratio of 38.9%.