Hunan Corun New Energy Co.,Ltd. Posted 3.7 Million Yuan Net Loss in First Three Quarters of 2023

Hunan Corun New Energy Co.,Ltd. (湖南科力远新能源股份有限公司) (600478.SH) reported a net loss of 3.7 million yuan in the first three quarters of 2023, reversing a net profit of 155.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.