Jinlong Machinery&Electronic Co.,Ltd. Posted 5 Million Yuan Net Loss in First Three Quarters of 2023

Jinlong Machinery&Electronic Co.,Ltd. (金龙机电股份有限公司) (300032.SZ) reported a net loss of 5 million yuan in the first three quarters of 2023, reversing a net profit of 26 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 16% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 52.5%.