Jiangsu Boamax Technologies Group Co.,Ltd. Posted 40.3 Million Yuan Net Loss in First Three Quarters of 2023

Jiangsu Boamax Technologies Group Co.,Ltd. (江苏宝馨科技股份有限公司) (002514.SZ) reported a net loss of 40.3 million yuan in the first three quarters of 2023, reversing a net profit of 5 million yuan for the same period in the previous year.

Meanwhile, the company posted 493.3 million yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.