Inventronics(Hangzhou) Inc. Posted 76.9 Million Yuan Net Loss in First Three Quarters of 2023

Inventronics(Hangzhou) Inc. (英飞特电子(杭州)股份有限公司) (300582.SZ) reported a net loss of 76.9 million yuan in the first three quarters of 2023, reversing a net profit of 184.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 62% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 60.1%.