Jiangsu Favored Nanotechnology Co.,Ltd. Posted 33.4 Million Yuan Net Loss in First Three Quarters of 2023

Jiangsu Favored Nanotechnology Co.,Ltd. (江苏菲沃泰纳米科技股份有限公司) (688371.SH) reported a net loss of 33.4 million yuan in the first three quarters of 2023, reversing a net profit of 18.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 212.2 million yuan in revenue, down 27% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 67.4 million yuan in total liabilities, with a liability-to-asset ratio of 3.3%.