Hunan Hengguang Technology Co.,Ltd. Posted 14.6 Million Yuan Net Loss in First Three Quarters of 2023

Hunan Hengguang Technology Co.,Ltd. (湖南恒光科技股份有限公司) (301118.SZ) reported a net loss of 14.6 million yuan in the first three quarters of 2023, reversing a net profit of 164 million yuan for the same period in the previous year.

Meanwhile, the company posted 654.4 million yuan in revenue, down 17.9% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 884.9 million yuan in total liabilities, with a liability-to-asset ratio of 38.5%.