Hongda Xingye Co.,Ltd. Posted 819.5 Million Yuan Net Loss in First Three Quarters of 2023

Hongda Xingye Co.,Ltd. (鸿达兴业股份有限公司) (002002.SZ) reported a net loss of 819.5 million yuan in the first three quarters of 2023, reversing a net profit of 283.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 42% year-on-year.

At the end of the reporting period, it had 18.5 billion yuan in total assets and 9 billion yuan in total liabilities, with a liability-to-asset ratio of 48.6%.