Jiangsu Huahong Technology Stock Co.,Ltd. Posted 167.7 Million Yuan Net Loss in First Three Quarters of 2023

Jiangsu Huahong Technology Stock Co.,Ltd. (江苏华宏科技股份有限公司) (002645.SZ) reported a net loss of 167.7 million yuan in the first three quarters of 2023, reversing a net profit of 397.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 36.6%.