Kunshan Kersen Science&Technology Co.,Ltd. Posted 160.1 Million Yuan Net Loss in First Three Quarters of 2023

Kunshan Kersen Science&Technology Co.,Ltd. (昆山科森科技股份有限公司) (603626.SH) reported a net loss of 160.1 million yuan in the first three quarters of 2023, reversing a net profit of 37.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.1%.