Konka Group Co.,Ltd. Posted 895.5 Million Yuan Net Loss in First Three Quarters of 2023

Konka Group Co.,Ltd. (康佳集团股份有限公司) (000016.SZ) reported a net loss of 895.5 million yuan in the first three quarters of 2023, reversing a net profit of 14.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 14.9 billion yuan in revenue, down 39.5% year-on-year.

At the end of the reporting period, it had 38.3 billion yuan in total assets and 30.6 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.