Kingland Technology Co.,Ltd. Posted 906.9 Million Yuan Net Loss in First Three Quarters of 2023

Kingland Technology Co.,Ltd. (京蓝科技股份有限公司) (000711.SZ) reported a net loss of 906.9 million yuan in the first three quarters of 2023, widening 87.6% year-on-year.

Meanwhile, the company posted 116 million yuan in revenue, down 36.1% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 119.9%.